All Entries in the "Budgeting" Category

Fewer Credit Card Offers in the Mail, But More Fees

There’s mixed news on the credit card front.

U.S. households are receiving far fewer credit card offers, which could be a good thing for those who might easily fall into the debt trap. But for those receiving offers, the cards increasingly come with annual fees.
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Credit card defaults up, delinquencies fall: Fitch

NEW YORK (Reuters) – Credit card defaults rose to record highs in April, as Americans lost their jobs and struggled with a deep recession, but delinquencies fell for the first time in five months, suggesting losses could stabilize in the coming months, Fitch Ratings said on Thursday.
 
Fitch’s prime credit card chargeoff index — which measures [...]

Obama Calls for Credit Card Industry Reform

WASHINGTON — The credit-card industry needs immediate reform, President Barack Obama said Thursday, as Congress continued working on legislation aimed at curbing rates and fees deemed as abusive by some.
The president has been pushing for increased credit-card industry accountability and more protections for consumers as the recession straps families and banks receive hundreds of billions [...]

US House Lawmakers Move To Rein In Credit Card Cos

The House Thursday approved a bill that would curb what supporters described as predatory credit card practices and eliminate spikes in credit card interest rates.
The House approved the package 357-70.
Among other things, the plan would ban what’s known as “double-cycle billing” as well as retroactive rate hikes. The measure would also require credit card firms [...]

Is refinancing your mortgage a viable option?

Mortgage rates have dropped to historically low levels in recent months. If you already have a mortgage and wonder if you could benefit by refinancing your home loan, it may be worth a closer look. But refinancing is a complex process, one that can be costly, as well. You want to be sure that refinancing [...]

Visa Results Defy Economic Slump

 Visa reported a 35% jump in quarterly net income amid strong increases in payments volume and processed transactions.
» Full Story on Wall Street Journal

How To Downsize Your House

 Many people are looking to declutter their lives these days. But editing a lifetime’s worth of possessions can be difficult. Here are some tips.
» Full Story on Wall Street Journal

Builders Offer Rock-Bottom Rates

 Beleaguered home builders are promoting interest rates well below the national average, with industry giant Lennar lowering the bar to 3.875%.
» Full Story on Wall Street Journal

New Hud Program Keep Your Home. Know your Loan.

This Thursday January 29Th I will have a HUD representative on the radio show to discuss the new program “Keep Your Home Know Your Loan” 
Here is the Information from HUD.
In light of the economic conditions, including declining home values and the increase of resetting mortgage rates, many Americans are facing significant challenges that are attributing [...]

Is There Light At The End Of The Tunnel?

We have heard so much bad news recently, and the question everyone is asking me is there light at the end of the tunnel? i have to tell you folks that there is and i believe there is still a great opportunity now to accomplish your goals for this year. it doesn’t make a difference [...]

Government Lowering Mortgage Rates To Revitalize Housing Markets

From The WSJ
WASHINGTON — The Treasury Department is considering a plan to revitalize the U.S. home market by reducing mortgage rates for new home loans, according to people familiar with the matter.
The plan, which is in the development stages, would use mortgage giants Fannie Mae and Freddie Mac to bring loan rates down as low [...]