As you may have read elsewhere, the President and Congress/Senate have finalized the Economic Stimulus Package for us hard-working Americans.
This package aims to put more money into the hands of Americans in hopes of having those people go out and spend like crazy. Which in turn, will stimulate the economy?!??
The Stimulus Package goes like [...]

Too many people are waking up nowadays, finding that the Adjustable Rate Mortgage ‘good deal’ they bought a few years ago isn’t such the good deal they thought it was, now that it’s adjusting upwards. Assuming that they would be able to re-finance to a similar rate and continue on after the adjustment is [...]

The U.S. government, in a bid to save money and provide better service to the estimated 4 million Americans receiving Social Security benefits that don’t have a bank account, is planning on issuing them a prepaid debit card, in place of the current practice of sending out paper checks.
This new debit card is [...]

While roaming the blogosphere, I came across this article on the Consumerist – Graphs: Monthly Mortgage Rate Resets, 2007-2016. (Originally from Credit Slips – Is This Just a "Sub-Prime" Mortgage Crisis?)
The article gives a compelling warning that in coming years there’s going to be a lot of upset with the various mortgage and loan [...]

It’s no news that the mortgage industry is in something of a tailspin nowadays. Foreclosures are at a high, and prices are sinking like an anvil in quicksand. What’s worrying isn’t so much that mortgage companies are suffering, but that there’s a domino effect on society that is just now starting to show itself.
One of [...]