Written by admin on July 27th, 2009
Joblessness Taking Toll On Recovery Efforts
Amidst the discussions on so-called jobless recovery that is on the horizon for the U.S. economy, the important point is missed.
Continue Reading...Written by admin on July 22nd, 2009
New Data Suggests Recession Is Loosening Its Grip On U.S. Economy
Despite the fact that the recession in the United States is beginning to release its grip on the economy, analysts are quick to point out that recovery was still going to be a slow and lengthy process.
Continue Reading...Written by admin on July 21st, 2009
US Stocks Drop As A Result of Devaluing CIT Shares
As of Thursday, July 16, the stocks for CIT Group Inc. experienced a serious drop. This was precipitated by failed rescue discussions with the federal government. This event served to overshadow JPMorgan Chase’s second-quarter results, which had fared better than estimates from Wall Street suggested.
Continue Reading...Written by admin on July 17th, 2009
Democrats Want New Paying Policy To Govern Federal Spending
In the last few years, the U.S. has been on a fiscal decline. The dramatic shift from record surpluses to a record deficit in federal debt has many sitting back in astonishment. Back in 2001, the government had a projected 10-year surplus $5.6 trillion. As of the 2009 fiscal year, there is [...]
Continue Reading...Written by admin on July 13th, 2009
United Airlines Issues $175 Million In Debt
A week ago, United Airlines’ issued $175 million in new debt, the most expensive issuance in almost a decade. This was a clear sign that the airline is strapped for cash and has a few assets left to put up for collateral.
Continue Reading...Written by admin on July 9th, 2009
Morgan Stanley Will Not Issue More FDIC-Guaranteed Debt
It seems that Morgan Stanley is planning to cease any new sales of FDIC-guaranteed debt, and declining a government subsidy following approval to repay $10 billion to the U.S. Treasury.
Continue Reading...Written by admin on July 6th, 2009
Adjustable Mortgage Loans Protect You from Catastrophic Debt
Not having the ability to make your mortgage payments is one of the scariest thoughts to have to live with. The threat of being kicked out of your home and having to live with relatives, or even having nowhere to go, is a terrible experience.
Continue Reading...Written by admin on July 3rd, 2009
The Wide Open Frontier of Secured Loans
It’s said often that youth is wasted on the young; so are loans. It’s all too easy to come by loans when you’re young and inexperienced, and more often than not, all too easy to do the wrong things with those loans, putting yourself in a world of debt repayment cycles that may last a [...]
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- 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 [...]