Financial Crisis and Employment

Posted September 25th, 2008

Have you wondered how the current financial crisis will affect the job market in the US? I imagine that plenty of people on Wall Street will be losing their jobs soon. But will the jobs melt in other places besides lower Manhatten.
More than 600,000 jobs have been lost so far in 2008. That’s so far, [...]

Is the Government Bailout of Financials a Good Thing?

Posted September 25th, 2008

Wow, this has been an eventful time for the American taxpayer, hasn’t it? Those of us in the Gulf, started to get our power back to find out that the economy was in more of a mess than it even was in before we greeted Ike. The government is planning on spending a few thousand [...]

Explain Credit Scores

Posted September 17th, 2008

Explaining Your Credit Score

Most of us know that our credit is rated, and that credit rating will determine what sort of interest rates we pay for car loans, home mortgages, and credit card balances. Of course, a credit score will determine our ability even get credit at all! But beyond that, many consumers really do not understand [...]

Possible Advantages of Freddie Mac / Fannie Mae Takeover

Posted September 10th, 2008

Possible Benefits of the Fannie Mae / Freddie Mac Takeover
I posted an article: Who Does The Mortgage Giant Bailout Help?
Since then, I’ve had some time to look at the issue a bit more, and here are some possible benefits to home buyers who want a mortgage:

Fannie and Freddie will now be primarily focused on proactively [...]

Layoff Mortgage and Credit Protection

Posted September 7th, 2008

Supplemental Unemployment Insurance Pays Cash

If you are unemployed, how will you pay your bills? The average weekly state unemployment payment is less than $400. Will that cover your bills, utilities, groceries, and mortgage? In fact, the most common reason that mortgage get behind is because of a loss of income.
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Who Does the Mortgage Giant Bailout Help?

Posted September 7th, 2008

I you think that the mortgage giant bailout by the federal government is there to help the average guy (or gal) who is struggling to hang onto a modest home, think again. Sure Joe and Jane Six Pack will help pay for it with his federal income taxes, but it is this move intended to [...]

Home Foreclosures Hit The Roof!

Posted September 7th, 2008

It is one thing to read that a record 1.2 million U.S. homes were in the foreclosure process the second quarter of 2008. It is another thing to consider that this figure represents almost 3 percent of all outstanding home loans. And keep in mind, this is only during the second quarter, or a 3 [...]