Written by admin on May 30th, 2009
Another U.S. Debt Purchase In The Works
In an effort to lower borrowing costs, the Federal Reserve has decided to buy another set of Treasury bonds. The purchase of $6 billion of securities with maturing dates of three to four years was the latest stage in this plan.
Continue Reading...Written by admin on May 27th, 2009
Know Your Mortgage Rates And Stop Unnecessary Debt
Many people think of a mortgage as simply the amount of money you borrowed from a bank in order to purchased your home, plus the interest that accrues on that borrowed money as you pay it back over the course of a few decades.
Continue Reading...Written by admin on May 22nd, 2009
JPMorgan Has Sold An Additional $2.5 Billion In Unguaranteed Debt
It looks like banking institutions are enjoying their taste at new economic reach. It seems that big companies like JPMorgan Chase are selling bonds without the backing of the federal government.
Continue Reading...Written by admin on May 20th, 2009
What’s The Shelf Life For The Frugal American Consumer?
As the scope of the economic crisis spread, more people realized that they were overextended financially. As a result, American consumers have responded quickly, altering their place in the economy, seemingly overnight. There are now far more “savers” than “spenders.”
Continue Reading...Written by admin on May 15th, 2009
China Reduces Purchases of US Debt
It appears that China has grown wary of the troubles that are plaguing the United States economy. According to certain sources, among them, a US congressman, the Chinese government has started to reduce its purchases of US debt.
Continue Reading...Written by admin on May 12th, 2009
5-Year TALF Loans Billed As Real Estate Market Aid
Recently, the Federal Reserve unveiled innovations to one of its lending programs in the hopes that it can be used to revitalized the commercial real estate market.
Continue Reading...Written by admin on May 8th, 2009
The Influence Of Personal Savings On US Economy
While it may seem odd to say, a number of economic experts are suggesting that the more Americans increase their saving the more damage may be done to the economy.
Continue Reading...
- Predatory Lending Leads to Foreclosures Written on March 10th, 2010
- Bankruptcy Fraud On the Rise Written on March 3rd, 2010
- Consumer Loan Defaults Seem to be Slowing Written on February 24th, 2010
- Some Hope…Maybe…For Those Facing Foreclosure Written on February 19th, 2010
- Students are Lured to Colleges by No Fee Applications Written on February 15th, 2010
- Foreclosures Rise In December Disappointing Everyone Written on February 13th, 2010
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Predatory Lending Leads to Foreclosures
Written on March 10th, 2010
As more and more consumers face foreclosure there are disturbing stories coming to light. It seems that some people are losing their homes after agreeing to a series of refinancing arrangements that were almost sure to lead to eventual eviction.
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Bankruptcy Fraud On the Rise
Written on March 3rd, 2010
According to the Internal Revenue Service (IRS) website there were 1.7 million bankruptcies in 2003 and 10 percent of them had fraud involved. Bankruptcy fraud is when a person or company tries to hide assets through the bankruptcy process. The IRS takes this kind of fraud very seriously and will prosecute anyone it suspects [...]
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Consumer Loan Defaults Seem to be Slowing
Written on February 24th, 2010
Consumer loan defaults seem to be slowing down according to the banks. Since the start of the recession there has been a mountain of defaults in both the mortgage and credit card industries. Millions of households are experiencing unemployment or reduced earnings after pay cuts and/or reduced hours. Just last week the U.S. government [...]
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Some Hope…Maybe…For Those Facing Foreclosure
Written on February 19th, 2010
There is some hope still for homeowners wondering if there will be more foreclosure statistics in 2010. The federal government is working on a plan that will hopefully make it easier for people to qualify for the Making Home Affordable program. The government is also trying to find a way to convince banks to [...]