ARCHIVED BLOG POSTS
2009
Beginning October 2008 through October 2009, the U.S. Treasury Department has been bailing out U.S. banks. In efforts to undergird the economy, and stabilize the struggling institutions, over $200 billion has been paid out to over 600 mortgage lenders through the Treasury's Capital Purchase Progr...
11/27/2009
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Whether by choice or circumstance, people are finding they have more time and more need to ponder finances these days. Very few people are making their way out of this recession completely unscathed and most are trying to be a little wiser about money in the process. In these times of layoffs and...
11/27/2009
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If you're struggling with your finances and don't know what your options are, you're going to feel helpless in your situation. Here are some tips and tricks to avoid bankruptcy, and options that are available to help you resolve your outstanding mortgage. The best advice you can ever get regardin...
11/27/2009
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Mortgage rates fell this week with three of the 4 major mortgage products hitting all time lows. The most important of the four mortgage products the 30 year rate fell to 4.78 from 4.83 equaling the previous low. The 15 year mortgage product hit 4.29 beating the previous low of 4.32 reached last ...
11/27/2009
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Topping the list of institutions under fire are the familiar faces of Fannie Mae and Freddie Mac, the poster children for good intentions gone bad. The government entities faced renewed federal scrutiny earlier this year. What to do with the troubled HUD groups, however, is still up in the air. T...
11/22/2009
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Statistics can be tricky. It all depends on who is doing the math and for what purpose. The latest report on how many jobs can be attributed to the workings of the stimulus package is a perfect case in point. The Obama Administration came out at the end of October with the announcement that the s...
11/22/2009
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How do you find the best deals and safely invest overseas? There are lots of opportunities to choose from, since many countries in the world are opening up their markets to foreign investors. In order to invest safely, however, you'll want to be cautious, plan carefully and understand the particu...
11/22/2009
Rates fell for the third straight week. They hit the lowest point since May 21st and they reached the 6th lowest point in history. It will come as no shock to those that have been following rates that the 5 lower rates all occurred this year. Below are the 6 lowest rates of all time. April 30th -...
11/22/2009
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Are you preparing to buy a home for the first time? Or have you closed on a number of homes in the past and are preparing to buy your next home? Regardless, you'll want to keep in mind the steps necessary to successfully navigate the preparations for buying that next home. Initially, you'll want ...
11/15/2009
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Having the bank seize your home is nobody's idea of a good time. A word that was hardly part of the American vernacular two years ago, foreclosure is all too common these days. While the number of homes in some state of foreclosure is decreasing each month, the fact is that foreclosures across th...
11/15/2009