All Entries in the "Finance" Category
Issues That Can Get You Turned Down for a Mortgage
Issues That Can Get You Turned Down for a Mortgage While we all know that a low credit rating and having a low income will sound the death knell for any hopes of obtaining a mortgage, there are other things that can shoot you out of the water just as fast. If you are going [...]
Debit Cards Going the Way of the Dinosaur
Debit Cards Going the Way of the Dinosaur Slowly but surely, banks are making debit cards linked to regular checking accounts less attractive and less friendly for the average American. Banks are ending rewards programs and some are beginning to charge fees for them. Wells Fargo is among those banks. The rewards program will be [...]
Bernanke Offers no New Plans for Economy
Bernanke Offers no New Plans for Economy On Friday, Federal Reserve Chairman Ben Bernanke issued a warning to Congress. If they don’t want to delay the economy’s rebound, they will have to do more to stimulate hiring and growth. Bernanke hinted that the Federal Reserve may make a move to aid in economic recovery, but [...]
Attorneys General Quarrel Postpones Aid to Homeowners
Attorneys General Quarrel Postpones Aid to Homeowners Victims of the crooked foreclosures are being victimized again as fighting rages among the attorneys general of the statesinvolved over whether the banks involved will be exempted from lawsuits. Attorneys general from states like New York, Massachusetts and Delaware that have strong enforcement of fraud laws want to [...]
Rates for 30-year Mortgages Dip to Near Record Lows
Rates for 30-year Mortgages Dip to Near Record Lows Wednesday saw good news for the housing and real estate industry. Interest rates on 30-year mortgages reached near record lows after the Federal Reserve vowed to keep interest rates on short-term loans close to zero through at least the middle of 2013. The Fed accomplished one [...]
Justice Department Investigating S&P
Justice Department Investigating S&P After downgrading the United States’ credit rating, Standard & Poor’s is being investigated by the Justice Department. In question is whether S&P rated many mortgage securities improperly during the time before the banking crisis. US Credit Rating Even though the investigation began before the U.S. credit rating was downgraded, the investigation [...]
Homebuyers Can Have the Same Deal as Their Parents Had
Homebuyers Can Have the Same Deal as Their Parents Had Mortgage rates continue to fall, reaching the lowest rate since 1971. If you’re thinking about buying or refinancing, now may be the time. The United States treasury note fell below 2 percent on Thursday. The treasury notes are the yardstick by which mortgage rates are [...]
Company Defrauding Homeowners Shut Down
Company Defrauding Homeowners Shut Down Another company accused of defrauding homeowners has been shut down, at least temporarily. Nassau Country Supreme Court Justice John Galasso issued an injunction against Homesafe American Inc. and United Legal Solutions. The companies have been accused of using deceptive websites and slick salespeople to scam homeowners with loan modifications where [...]
Buffett Says the Rich Should be Taxed
Buffett Says the Rich Should be Taxed What person in his or her right mind wants to pay more taxes? Enter, Warren Buffett. He wants those who make more than $1 million in taxable income to pay more. In theory, it sounds really good. However, if you look at the numbers available in 2009, Buffett’s [...]
Problem Bank List – Is Your Bank on It?
Problem Bank List – Is Your Bank on It? With another bank failing this week, bringing the total to 64 this year, you might be wondering if your bank could be next. If you want to know if your bank is in trouble, you can check on the Federal Deposit Insurance Corporation’s (FDIC) list of [...]
