Written by admin on October 21st, 2009
New Predatory Lending Regulations Go Into Affect
Congress has passed new regulations concerning mortgages and predatory lending. The purpose of these regulations is to prevent lenders from selling mortgages riddled with fine print that binds consumers financially in ways unknown to them.
Continue Reading...Written by admin on October 13th, 2009
S&P May Slash Corporate Debt Securities
In a recent announcement, it appears that Standard and Poor may downgrade approximately $578 billion in corporate debt securities. This comes after the group ran tests to evaluate its current ratings methods in light of how they would perform during severe economic declines.
Continue Reading...Written by admin on October 6th, 2009
Federal Reserve’s Assets Saw New Increases
The Federal Reserve has experienced its sixth week of increased balance sheet totals since it purchased housing debt as part of a special program focused on mortgage rate reduction.
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- 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
- December Consumer Wages and Credit Figures Show Little Progress Written on February 9th, 2010
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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 [...]
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Students are Lured to Colleges by No Fee Applications
Written on February 15th, 2010
One of the debts that must be managed in many households is college tuition. The cost of attending college continues to rise every year which means the choice of college can have far reaching effects on finances. Choosing a college is not a decision that should be made lightly.