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[…]

Reasons To Pay Off Your Mortgage

Many people used to consider a mortgage burning party to be part of the American dream. But things have changed because of record low mortgage rates in recent years. You might be tempted to plan the extension of the note as long as possible – and even well into your retirement years – when you Read more about Reasons To Pay Off Your Mortgage[…]

Us Dollar Is Up

This is not about to love cheaper oil, gasoline, imported from BMW or summer trip to Rome? While the answer to most people is something along the lines of “more, more, more,” the reaction of the Fed’s dollar surge to a high of 4 months is likely to be a source of much concern greater. Read more about Us Dollar Is Up[…]

Mortgage Rates Should Be Even Lower

Mortgage rates lowest ever recorded. But by a historical measure, they should be even lower. During the last years, a wide gap between the mortgage rate hunters and a benchmark interest rate investors demand to buy bonds backed by home loans. Normally, this would obscure metric of interest to bankers, brokers and dealers in securities Read more about Mortgage Rates Should Be Even Lower[…]

Personal Loans On The Rise

Some consumers to dispose of plastic and instead turn to personal loans and credit lines to get more control over their financial lives – perhaps use them to repay credit card debt, pay taxes or to fund a trip down the aisle. At the beginning of each year, “we see increased demand” for products, said Read more about Personal Loans On The Rise[…]

Money And Federal Reserve

They can not have access to the armed forces, but it is often argued that the Federal Reserve chairman has a level of world power and influence that rivals that of President of the United States. While most investors know the name of the current Fed chief Ben Bernanke how her decision impacts your money Read more about Money And Federal Reserve[…]

Housing Market By Warren Buffett

The billionaire U.S. investor Warren Buffett said Saturday that he had “royally deceived” by predicting a recovery in property market in the U.S., but added that his optimism was always dealt face up to the national economy . In his annual letter to shareholders of Berkshire Hathaway, Mr. Buffett said he believes that the real Read more about Housing Market By Warren Buffett[…]

Refinancing

Homeowners who have resisted the urge to refinance their mortgages until now could be rewarded for their willpower. Mortgage rates have fallen to new lows—and banks are rolling out incentives to win business. Economic uncertainty in Europe and slow growth in the U.S. are prompting investors to pile into ultrasafe U.S. Treasurys. That, in turn, Read more about Refinancing[…]

Time to Refinance?

Mark Sass and his wife decided to refinance the mortgage on their Cincinnati, Ohio, home on Friday, just days before the Federal Reserve pledged to keep rates near their historic lows during the first half of 2012 . “I knew that the statement by the Fed would come out and rates dropped to historically low Read more about Time to Refinance?[…]

Private Equity

It’s always been tough for small businesses to tap into private-equity money. Many PE funds are looking to buy up big, distressed companies and often bypass small businesses entirely. Probably the best known type of small-business focused private equity firm is small business investment companies, or SBICs. SBICs are privately owned and managed investment funds Read more about Private Equity[…]

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