Can County Be ‘Disaster Area’ from Man-Made Disaster?
Unnatural disaster strikes
A Florida county that has been particularly hard-hit by the housing crisis is seeking “disaster area” status.
In St. Lucie County, thousands of homes stand vacant or unfinished. A county commissioner believes the crisis has reached disaster proportions. If the county is declared a disaster area, it could receive [...]
Martin Eakes Wants a Medal, Deserves Skepticism (Pt. 1)
20/20 subprime-sight
Martin Eakes of the Center For Responsible Lending recently distributed a press release in which he reacts to President Obama’s plan to fix the housing crisis that plagues America. Nothing like damage control for the image after your business was directly involved in causing the subprime mortgage crisis to [...]
Obama Plans to Help Homeowners with Bad Credit and Personal Loans
Bad credit plus personal loans equals crisis
A mixture of bad credit and personal loans has caused millions of Americans to face foreclosure on their homes. Now President Barack Obama has revealed his plan to help up to 9 million Americans keep their homes.
Obama will use money from the $700 billion [...]
Payday Loans More Popular | Home Prices Continue to Fall
Why you shouldn’t buy a house in 2009
As demand for payday loans continues to rise, demand for houses continues to fall.
Home prices are sinking lower and lower, and for some people that might make the “buy low” part of the old investment adage ring in their heads. However, MarketWatch has [...]
From Your Payday Loan Source: FHA Needs Help
Your payday loan source keeps you up-to-date on financial news.
History tries to repeat itself
The Federal Housing Authority says it doesn’t have the resources to police predatory lenders. Officials from the Department of Housing and Urban Development say the FHA needs more staff, better technology and added legal authority if it [...]
Treasury Blasted for Use of TARP Funds | by Payday Loans Source
While some Americans were taking out small payday loans just to buy groceries, the U.S. government approved a plan to give the Treasury $700 billion to resolve the housing crisis. Now a congressional watchdog panel is saying the Treasury has done nothing to ensure the money was used to stabilize [...]
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