Fannie Mae

Federal agency investigating Freddie and Fannie investments

This morning, the Federal Housing Finance Agency announced that it will be investigating the investments of mortgage companies Freddie and Fannie. The subpoenas issued cover files on the secured loans and bank loan information used in securities purchased by the companies. The FHFA believes that some of the liability for these securities may be with
African American couple looking at stats and comparing a short term loan to an installment loans.

Short term or installment loan: Help for your financial emergency

A short term loan or installment loan gives you an advance on your paycheck and helps you cover expenses till your next payday. Let’s face it; we’ve all needed a little financial help at one time or another. And applying for a payday loan can give you quick and easy access to the funds you
a woman at an ATM

Why opting out of debit card overdraft coverage is a good idea

If you’re like most people, you have a debit card. By now, you should have gotten a letter from the bank asking you if you would like to continue with the bank’s standard overdraft coverage. This letter is a result of new credit card rules that require banks to ask you if you would rather
a mailbox overflowing with junk mail

Plunging consumer credit spawns deceptive new credit card fees

Consumer credit dropped in May much further than was forecast, with the decline led by significant drop in credit card debt. Credit card delinquencies fell to their lowest rate since 2002. As Americans save more and borrow less, desperate credit card companies are coming up with new ways to gouge customers. New credit card rules
Professional people, woman smiling into camera.

Get quick loans for people with bad credit

Hard-working individuals in need of short term financing can apply for quick loans for people with bad credit. This type of loan is specifically designed to help those with credit problems. Today’s world revolves so much around credit it seems almost impossible at times to get even the smallest help. Here you won’t be treated
solar panels at a solar power plant

Solar plane is latest breakthrough as solar energy gains momentum

In the spirit of the season, as heat waves roast major cities around the world, solar energy is a hot topic. From residential rooftops to power plants to experimental aircraft, solar energy is having its season in the sun. A solar-powered airplane landed Thursday after spending 26 hours aloft. And this week the Obama administration
Wells Fargo

Wells Fargo to shut down Finance Division

After acquiring Wachovia Bank and taking heavy losses from subprime mortgages, Wells Fargo has announced that it will be shutting down its Finance Division. This move will chop about 3,800 jobs from the 14,000 person division. Wells Fargo will still offer line-of-credit loans and other financial products — just not through a separate division. Wells
a thermometer during a heat wave

Heat wave ignites climate change debate, 2010 warmest year ever

A scorching heat wave on the east coast is intensifying the climate change debate. The climate change debate was also hot last March when raging blizzards battered the east. Extreme weather events are being seized upon by both sides to support their global warming arguments in the debate about climate change and energy bill in
a customer walking into sams club with a cart

Small business loans adapt to survive credit crisis at Sams Club

Small business lending is adapting to survive. Small business loans have been an endangered species during the credit crisis, a stubborn legacy of the financial meltdown, housing crisis and Great Recession. But small business credit is making a comeback in unconventional ways, even as a miserly banking industry holds back the U.S. economy as it
oil skimming near port arthur texas

Tar balls hit Texas beaches as weather disrupts oil spill cleanup

Tar balls have reached Texas beaches, and the oil spill in the Gulf of Mexico 2010 has fouled the shoreline of every gulf state. Driven by winds from Hurricane Alex, the BP oil spill is spreading as bad weather continued to hamper cleanup efforts. Tar balls have also reached Louisiana’s Lake Ponchetrain as oil creeps
Business woman smiling, clean background.

Online loans provide cash until payday

When you live from paycheck to paycheck — as more and more people do today — borrowing money becomes a practical necessity. A minor emergency or small unexpected expense can create huge problems, especially if your credit rating is less than perfect. Fortunately, online loans make it possible to borrow extra cash until payday even
a classic college campus scene on a sunny day

Federal student loan move ends taxpayer gravy train for big banks

Getting government loans for college changed radically on July 1. All federally guaranteed student loans are now issued directly through the Department of Education. The change was part of the health care reform bill passed in March that had bank lobbyists kicking and screaming. The government has removed banks as the middleman for federally guaranteed
Professional team of people look to payday loans for help.

Payday loans online are still the best quick cash option

In today’s tight credit market, payday loans, installment loans and other forms of affordable short-term credit have become an important financial alternative. That fact isn’t going to change anytime soon. Yet while people need it more, short-term credit is under assault by politicians — even as banks bankrolling their campaigns refuse to come up with
a close up of artwork at the apple app store

Scammers use Apple App Store hack to steal money, boost rankings

Apple App Store users are battling an app farm infestation. The App Store is being hacked by Apple App scammers who hack private iTunes accounts to make purchases of bogus apps. The hacks steal money from iTunes accounts and boost the App Store rankings of the bogus apps. Greedy scammer blows App Store cover The
Sacramento capital building

California state employees offered low cost loan options

In the state of California, where a state budget has yet to be passed, state employees are facing a huge pay cut. The governor has asked that until a budget is passed, all employees have their pay cut to minimum wage. Some banks and credit unions are offering a quick payday to these employees, including
electrical towers and power lines

Apple claims that iPhone software update will fix antenna issues

The Apple iPhone 4 antenna reception drama continued Friday. The company announced that the iPhone 4 antenna issue will be remedied with an iPhone software update. Apparently there’s no reception problem at all, according to Apple. Defective software resulted in an inaccurate representation of signal strength. The screen shows too many bars in areas with
Open sign

SBA running out of low cost loans to businesses

The Small Business Administration has been charged with helping businesses weather the recession, and money is running out. The 7(a) lending program provides loans, personal and large, to small businesses around the country. The program, which was funded by the American Recovery and Reinvestment Act, is currently in a holding pattern, waiting for more money.