Invest Your Money Wisely | Avoid 2008’s Top 5 Biggest Losers
Where to go for good investment advice
Previously, I wrote about the Fortune 500 companies whose stocks performed well last year. If you want to see returns on your stock investments, look into dollar stores, food wholesalers and other types of discount retail. However, this article is about which companies lost the [...]
CFO David Kellermann of Freddie Mac Commits Suicide
Freddie Mac Official Dead in Apparent Suicide
Tough year for consumer finance. People use online cash advance loans and credit cards to dig in where their paychecks don’t go, but habitual use can create trouble. It has also been a rough year for American high finance. Small and large banks have [...]
Freddie Mac Comes Back for More Bailout
Mortgage company needs more funds
Freddie Mac, a company that has already received billions of dollars of government funding, is asking for another $30.8 billion from the U.S. Treasury.
Right now taxpayers own 79 percent of the company, after the government moved the company into conservatorship in September.
Troubled times
Freddie Mac says it [...]
An ACORN Jammed the Gears of America’s Economy
Who wants a rotten ACORN?
I am certainly not the only one concerned over ACORN and its role in razing America’s economy to the ground. Michael Gaynor writes that Anita MonCrief, who has testified in court against the community organization group, is eager to expose the group’s connection to Herbert Sandler. [...]
ACORN & Center For Responsible Lending: Subprime Culprits
Sharks that feed on banks
During the recent presidential election, an organization called the Association of Community Organizers for Reform Now (ACORN) grabbed more than its share of the headlines. Specifically, there have been allegations that ACORN has been involved in large-scale voter fraud (and here’s a road map). But let’s [...]
CEO to Resign from Mortgage Giant Freddie Mac
Successor to be named by March 13
Only six months after being appointed CEO of Freddie Mac, David Moffett says he will step down from his position.
Moffett was placed in the chief executive position in September, after the government took over the flailing mortgage finance company. Moffett says he will resign [...]
Banks Halt Foreclosures | No Instant Payday Loans for Mortgages
Don’t grab that payday loan so fast
Homeowners considering getting instant payday loans to cover their mortgage so they don’t get evicted might be able to hold off.
Moratorium on foreclosures
Payday loans are great for keeping your credit in good standing if you use them to make mortgage payments on time. However, [...]
Payday Loans for Obama the Bank Buster
It may take payday loans at times, but what the American economy needs most is a grand flourish. Will Barack Obama pull back the curtain to reveal something extraordinary… or merely ordinary? The psychological boost a big move could give America may mean so much more than numbers, dollars and [...]
Low Mortgage Rates, Payday Loans Help Repair Credit
From Mortgages to Payday Loans
Low mortgage rates and payday loans help those who dream of owning a home and those who need a temporary shield against small-scale financial surprises and can help repair credit. Since mortgage rates have received welcome decreases from the Federal Reserve – making them low enough [...]
Fannie Mae Lets Foreclosed Tenants Stay-No Payday Loans Needed
People losing their homes to foreclosure won’t need payday loans to stay in their homes through the holidays. According to Sunday’s Wall Street Journal, Fannie Mae announced that it will allow tenants low on extra cash to remain in their residences should the building’s landlord go into foreclosure, and that [...]
Quick Payday Loans made to the two largest lending firms in the US
As we all are aware, the US government had to make quick payday loans available, not to middle class consumers who had a sudden emergency expense, but to the mortgage and consumer credit giants Fannie Mae and Freddie Mac, in order to save them from bankruptcy. Then more funds were [...]
Wall Street firms at center of bailout are big donors, I’d rather have payday loans
Some state regulators, recognizing early signs of trouble in housing markets, sought help from Congress when the Bush administration adopted rules barring states from enforcing tough laws targeting predatory lending – the practices that were enabling unqualified applicants to obtain subprime mortgages. With Wall Street serving a [...]
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