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

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...

Will 2011 Be The Peak Of The Foreclosure Crisis?

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...

Good News On Retail Front For Holidays

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,...

Halt On Foreclosures Will Hold Up The Market Further

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...

Credit Card Debt Has Drastically Increased

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...

Real Estate Recovery Being Held Hostage By Credit Scores

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...

Simple Credit- A Worthy Goal

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...

Student Loan Debts Overtake Credit Cards

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...