Finance
Federal Housing Administration plans mortgage rate increases
The Federal Housing Administration is the federal government agency charged with helping guarantee mortgages. There are no no-credit loans for homes provided through the FHA. The FHA is needed to keep about 2 percent reserves in case loans go bad, however they presently only have about .53 percent reserve. Interest rates on FHA loans can ...
Medical credit cards under investigation
In New York state, the attorney general has launched an investigation into medical credit cards. credit cards with a very high rate are marketed to patients that are in the office and need money now. These medical credit cards offer an instant money advance to patients who need help.
The operational workings of medical credit cards
A ...
Consumer spending fails to keep pace with rising incomes
United States financial numbers for May 2010 are in, and according to Bloomberg Business, individual incomes outpaced consumer spending. This reportedly made it possible for households to boost their savings and support the economic recovery, although how slower spending boosts the nation's economic recovery is in question. It might be viewed as one more instance ...
Don’t fall for credit card debt relief scams, just do it yourself
Debt reduction scams and debt relief scams have been spreading like mildew for some time now during this painful and prolonged economic downturn. The terrible economy has put millions of individuals in financial trouble and one of the biggest troubles is credit card debt. Predatory debt relief companies promising peace of mind are seeking out ...
Investment Performance March 2010 (+5.88%)
This is an ongoing monthly update on how our equity investments are performing. Please see this background on the investment tool I developed and how I am using it to track our performance against a benchmark to measure our progress or lack thereof.
The only equity investments not covered are:
1) my 401k which is ...
