Democrats have been trying to change the bankruptcy law so that judges could “cram down” mortgage amounts or terms to levels that would be affordable for the person filing bankruptcy. By threatening filibuster, Republicans [...]; . . . → Click Here to Read the Full Article
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 Comments are closed  Banks, Mortgages, Regulations  Bankruptcy, Banks, Foreclosure, government, Mortgages, negative equity In Dan Ariely’s fantastic new book, Predictably Irrational, he describes how traditional economics has failed us. Economic theory makes formulations and predictions based on an erroneous assumption – that human beings behave rationally. The book [...]; . . . → Click Here to Read the Full Article Comments are closed Banks, Credit cards, Debt management , behavior modification, book review, Credit cards, predictably irrational Fannie Mae and Freddie Mac are government regulated and sanctioned companies that play a crucial role in making mortgage money available so that you and I can buy houses. They do this is two ways: [...]; . . . → Click Here to Read the Full Article The Bush administration has let Congress know that the president intends to veto any bill that contains either of the two biggest solutions to the foreclosure program Congress is working on. One bill would give bankruptcy judges [...]; . . . → Click Here to Read the Full Article Comments are closed Bankruptcy, Mortgages, Regulations Bankruptcy, FHA, Foreclosure, government, homeowners, legistlation The people who do not want you to go bankrupt — the credit card companies, the banks, and anyone engaged in collections — have done a good job of making the process sound onerous and very [...]; . . . → Click Here to Read the Full Article Europe has been offering them for years, and now some US banks are getting in on the act. If you are willing to give up your personal rewards perks, you can help reduce carbon emissions every [...]; . . . → Click Here to Read the Full Article Identity theft of some form or another accounted for 32% of the 819,000 complaints filed with the Federal Trade Commission in 2007. Credit card fraud was the most common form of identity theft. Number ten on [...]; . . . → Click Here to Read the Full Article Comments are closed Avoiding Scams, Bankruptcy, Credit counseling, Identity Theft , Consumer complaints, credit protection, Debt, FTC, Identity Theft There were 2.2 million foreclosure filings in 2007, up 75% from 2006. And a shocking number of these homes will end up vacant, trashed, rotted, and stripped of their copper and heating units. Some [...]; . . . → Click Here to Read the Full Article Despite the total meltdown of the US mortage industry, and with record foreclosure rates being set every month, Countrywide, one of the biggest in the business, continued its annual tradition of rewarding its bankers with a [...]; . . . → Click Here to Read the Full Article The Wall Street Journal reports on a new collection “procedure” created by large retailers as their losses from shoplifting go through the roof. All 50 states have passed laws allowing retailers to take shoplifters to [...]; . . . → Click Here to Read the Full Article |
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