With hundreds of thousands of homeowners facing foreclosure, are there any financial tools available to distressed borrowers that haven’t been tried yet? And is there a way to help owners that won’t rack up huge federal expenditures and add to […]
The federal government can’t even give money away to help the unemployed pay their mortgage. How sad is that? A $1 billion program to assist the jobless will likely end up spending only half the funds because the criteria is […]
It’s difficult to believe a decade has passed since the clear September morning that transformed our nation forever. In the last decade, many dramatic changes have reshaped America. Yet for so many of us, the memory of this one moment […]
The government on Friday sued 17 financial firms, including the largest U.S. banks, for selling Fannie Mae and Freddie Mac billions of dollars worth of mortgage-backed securities that turned toxic when the housing market collapsed. Wow, what can you say? […]
Bank of America Corp, currently the largest bank in the U.S. by assets, announced on Thursday that it would receive a $5 billion investment from Warren Buffett’s Berkshire Hathaway. Which had a big impact on BofA’s shares. I have to say, […]
It’s year 5 of a housing crisis in which more than 3 million Americans have lost their homes to foreclosure, with more still at risk. It’s a strange time to have glimmers of optimism in this crisis. Over the next […]
I’ve never really understood why people skip their breakfast. Personally, I love it! I often wake up early enough so that I can enjoy breakfast while everyone is still sleeping so that I have my “me time” before starting the […]
In ANOTHER shocking story about the big banks in the U.S., at least 1 Million homeowners have had their home equity line cut. What does this mean? Imagine if you had taken out a home equity line of credit to […]
3 cheers to Bank of America! What? Did I say that? One of the most notoriously difficult banks to work with? Well, I give credit where credit is due, they did something right this time. Bank of America is accepting […]
