Housing Recovery

This week, the markets remained fixated on the fiscal cliff. Unfortunately, there was little economic news to keep minds off of the potentially painful situation. Data on the real estate sector, the key set of economic indicators at the moment, remained bullish this week. Home price gains of 5% or more for all of 2012 Read more about Housing Recovery[…]

Tough Collector

Charles Ward fell behind on his mortgage in September, just as his late wife began a losing battle with lung cancer and her medical costs soared. His lender seized his $2,958 federal tax refund and has taken a $131 bite from each of his last four monthly Social Security checks. “What little money I had Read more about Tough Collector[…]

Idea To Refinance

Low mortgage rates have many homeowners rushing to refinance, and the vast majority of those borrowers opt for fixed-rate home loans. Yet for some homeowners, an adjustable-rate mortgage can be a financially savvy choice when they refinance. Nowadays, adjustable-rate mortgages, or ARMs, appeal to two groups of borrowers. The first group consists of homeowners who Read more about Idea To Refinance[…]

Tough To Come Loans

Many of the state’s largest financial institutions remain cautious to extend financial lending products to even the most credit score worthy people, a new study shows. Despite improvements in the economy, more smaller businesses have turned to group financial institutions or alternative lenders to uncover lines of credit score after failed attempts to get financial Read more about Tough To Come Loans[…]

New Federal Initiative

I heard many complaints in the wake of the $840 billion federal economic-stimulus plan of 2009 that it did little to help small businesses. Congress followed up with 2010’s Small Business Jobs Act, which included a $30 billion Small Business Lending Fund (SBLF). Once again, the program underwhelmed as many banks simply exchanged the capital Read more about New Federal Initiative[…]

Should I Invest Money

This situation brings to mind a philosopher named Blaise Pascal who argued that even people who doubt God’s existence should live their lives as if God exists anyway. By doing do, Pascal argues, if it turns out that God exists you will spend eternity in heaven, but if it turns out God does not exist, Read more about Should I Invest Money[…]

Loans for local Irene Victims

Help is on the way for Rhode Islanders hit hard by Tropical Storm Irene. The U.S. Small Business Administration has announced that loans will be available for residents and businesses affected by the late August storm. SBA Administrator Karen G. Mills made the loans available in response to the disaster declaration requested by Governor Lincoln Read more about Loans for local Irene Victims[…]

Available Business Loans

More federal loans for small businesses are opening up in Virginia. Sen. Mark Warner announced this week that the U.S. Department of the Treasury had approved an application from Virginia for $18 million in federal loan support for the Virginia Small Business Financing Authority. The money was authorized a year ago as part of a Read more about Available Business Loans[…]

Growing Business Loans

While the federal regulators have reported some grim news for small business credit, investors should take note of which banks are consistently growing their commercial loan portfolios. According to Community Reinvestment Act data filed by banks and thrifts with total assets of $1.1 billion or more gathered by the Federal Reserve, the Federal Deposit Insurance Read more about Growing Business Loans[…]

Ways To Financial Health

Like many Americans, Leah West, 40, is struggling to shed debt and manage an array of financial obligations. After her divorce seven years ago, Leah, a mother of three, enrolled in college and earned her bachelor’s and master’s degrees. She moved up the ladder in health care administration, and earns about $80,000. But she’s now Read more about Ways To Financial Health[…]

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