Financial News

One Page Mortgage Disclosure

April 13, 2011

If you have ever purchased a home with a mortgage, you will remember the stacks upon stacks of papers you needed to sign, bothe during the loan application and the closing, all the while supposedly knowing everything each paper said, even while there was not time to read them. Well now, Elizabeth Warren, the woman [...]

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Was “Flip That House” A Sign Of An Upcoming Mortgage Crisis?

January 14, 2011

In a 2005 meeting between economists and then Federal Reserve Chairman Alan Greenspan as the housing market was continuing to inflate a chief economist named David Stockton remarked about how he had come across a television show where the “gist of the show was that with some spackling , a few strategically placed azaleas and [...]

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Will 2011 Be The Peak Of The Foreclosure Crisis?

January 13, 2011

Real Estate analysts from RealtyTrac Inc. are predicting that 2011 will be the height of the Real Estate crisis with an expected 1.2 million homes being repossessed. Lenders are poised to take back more homes than at any other time since the crisis began in 2006. At this time there are 5 million borrowers who [...]

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Good News On Retail Front For Holidays

December 29, 2010

Holiday sales over the 2010 season were up more than 4% from last year to approximately $525 billion, as per estimates from the National Retail Federation. And online sales had even more impressive gains with $36 billion in sales for this year alone, which is up 15.4% over last year. Yet even with the increase [...]

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Halt On Foreclosures Will Hold Up The Market Further

October 12, 2010

The nationwide halt on foreclosures by Bank of America, along with other banks that are considering the same thing will most likely slow up the real estate market even more. The problem lies in the many foreclosures that are currently and soon to be on the market. If there is any type of “mortgage fraud” [...]

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Credit Card Debt Has Drastically Increased

October 8, 2010

Sorry to say, through the years, increasing numbers of people have become victims of enormous credit card debts they will probably never receive money off. It’s a shame to understand that so many people feel they NEED so many things but realize the only way that they could possibly get those things is to apply [...]

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Tips About How To Save Within Banks

October 7, 2010

A lot of us think that putting our money in the bank is a secure and wise way of saving. Yes, this is correct if we are wise in working with banks. Banks are not charitable institutions, these are profit-driven entities which charge different types of fees and do a variety of schemes to take [...]

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Real Estate Recovery Being Held Hostage By Credit Scores

September 28, 2010

Nearly a third of all Americans are unable to secure a mortgage in these challenging times. According to the real estate website, Zillow, people with credit scores below 620 were unable to secure mortgage financing even when they had a solid source of income and offered a down payment of 15-25%. According to myFICO.com as [...]

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Simple Credit- A Worthy Goal

September 24, 2010

Last week, President Obama tapped Elizabeth Warren to set up the Federal Government’ new Consumer Financial Protection Agency. And she has a big job ahead of her. But she has expressed that a high priority on her list is to make credit simple. Understandable. Reasonable. Like, for example, a credit card agreement that is only [...]

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Student Loan Debts Overtake Credit Cards

September 20, 2010

For years the credit card debt in the United States trumped all. All other types of debts, that is. Meaning that credit card debt was higher than any other types of debt for the majority of Americans. But recently another type of debt has become the largest debt. Student loan debt has now exceeded the [...]

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