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Financial News

Postal Service investigates boss's VIP mortgage (AP)

In a Sept. 30, 2005, file photo Postmaster General John Potter gestures during an interview  in Washington, Friday, Sept. 30, 2005.   The Postal Service is investigating whether Potter improperly received a sweetheart deal on a mortgage from Countrywide Financial Corp., Alan Kessler the chairman of the service's governing board said.  (AP Photo/Ron Edmonds/file)AP - The Postal Service is investigating whether the nation's postmaster general improperly received a sweetheart deal on a mortgage from Countrywide Financial Corp., the chairman of the service's governing board said.



 
Homebuilder, REIT shares tumble as recession spreads (Reuters)

Robert Toll, Chairman and Chief Executive Officer of Toll Brothers Inc., answers questions during the Reuters Housing Summit, in New York, February 20, 2008. (Chip East/Reuters)Reuters - The shares of big U.S. homebuilders and real estate companies alike slumped on Wednesday as housing starts fell to a record low and concerns spread the commercial real estate market is going the way of residential.



 
UK mortgage lending down 44 pct from a year ago (AP)
AP - Mortgage lending in Britain was down 44 percent in October compared to a year ago, further evidence the economic downturn is hurting an already weak property market, the Council of Mortgage Lenders said Thursday.
 
FDIC says plan could help 1.5 million keep homes (AP)
AP - Publicly breaking with the Bush administration's official stance, the Federal Deposit Insurance Corp. proposed Friday to use $24 billion in government funding to help 1.5 million American households avoid foreclosure.
 
Senate to probe bond-ratings firms: report (Reuters)

Senator Norm Coleman speaks at the second session of the 2008 Republican National Convention in St. Paul, Minnesota September 2, 2008. (Brian Snyder/Reuters)Reuters - A U.S. Senate subcommittee is opening a probe into causes of the global financial crisis, focusing in part on whether bond-ratings firms, driven by conflicts of interest, boosted mortgage investments which have since collapsed, the Wall Street Journal said.



 

Credit Cards For Bad Credit Results

Student Credit Cards - A Wise Move?
Teaching our children life lessons of the financial world should be a high priority. Personal finance lessons taught with the proper use of a credit card can be invaluable.
 
Are You In Debt? - 5 Simple Ways to Repair Bad Credit
Bad credit? Read this page for some ways to repair it and regain good credit rating. Here they are:
 
Why You Need to Maintain a Squeaky Clean Credit Report
In today's economic times, it is more critical than ever to keep your credit report squeaky clean so that you don't have problems when you apply for a loan or mortgage. There may be errors in your credit report, and some credit card companies are playing games which could make a severe negative impact on your credit report if you are not watching it.
 

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BAD CREDIT OFFERS - More Credit Cards for Bad Credit
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Orchard Bank Credit Cards
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Money News
'I.O.U.S.A.': Tackling national debt
Al Gore put global warming into the family dinner conversation; now David Walker, former U.S. Comptroller and the star of "I.O.U.S.A.," a documentary about our ballooning national debt, says that if we don't face up to our fiscal problems, the U.S. could go broke.


 
The 3-step retirement check-up
A market dip in the years before retirement can be scary, but bailing out of stocks isn't the answer. Here's how to make sure you're still on track.


 

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