99ers and Tier 5 Unemployed Americans Continue to Look for Help in Troubled Economy
Recently the unemployment benefits extension helped over 2 million people gain access to unemployment insurance that could help them to pay bills and survive in the current troubled economy. Unfortunately, there are still around 1.5 million “99ers” who are looking for a Tier 5 unemployment extension but that has yet to happen. At the present [...]
Las Vegas, Charlotte and Detroit See Largest Year Over Year Drops in Homes Prices
When comparing May of 2010 to May of 2009 over half (13) cities of the Case/Shiller Home Price Index saw increased values. The cities that saw the steepest declines in year over year prices were Las Vegas, Charlotte and Detroit. Las Vegas is off 6.5% while Charlotte and Detroit have seen drops of 2.8% and [...]
Robert Shiller “Expects” Double Dip Recession – Probability Over 50% for More Economic Struggles
Robert Shiller, a professor of economics at Yale and better known for the Case/Shiller home price index, made a recent statement to Reuters that there was a probability of over 50% that the United States economy would see a double dip recession. In the interview Shiller said that he actually expects to see a double [...]
Daily Mortgage Interest Rates Today for July 27 – Morning Update – Refinance Rates Push Up Early
Daily mortgage interest rates today for July 27 are seeing a push higher early on Tuesday morning. The 10 year treasury rate yield is up over 1.5% and 30 year fixed mortgage rates seem to be following the lead higher. This is the fourth day in a row that we have seen 10 year yields [...]
Half of One Hour Bad Credit Payday Loan Lenders Members of CFSA – Government Pushes Education
The payday loan industry has been a very hot topic of debate over the last several years as many policymakers feel that there are many “one hour bad credit payday loan” lenders that are using predatory lending practices to take advantage of Americans who are in need of financial assistance at the present time. In [...]
Credit Bureau Experian Reports 355,000 Defaulted on their Mortgage Yet Stayed Current on Other Debts
The credit bureau Experian reports that in the first half of 2009, 355,000 Americans had the ability to pay their mortgage but decided to walk away. The practice known as strategically defaulting has become very common in America as it helps households free up cash to make other purchases. Most of these strategic defaults are [...]
Study Shows 79% of Latinos Carry Credit Card Debt; 54% for White Households
In a recent study by the NAACP it was shown that 79% of Latinos carry credit card debt while 54% of White households carry credit card debt. It is also the case that Latinos carry a much higher interest rate on the credit cards the possess. Since exiting the “Great Recession” Americans have seen the [...]
Short Sales Training Partnership Between Century 21 and Distressed Properties Institute
Today it was announced that a deal was signed between Century 21 and Distressed Property Institute to offer brokers certified training when it comes to short sales. The president and CEO of Century 21 points out that in the current housing market brokers need to adjust their practices and knowledge to assist sellers. One of [...]
Daily Mortgage Interest Rates Today July 26 – Afternoon Update – 15 Year Fixed Rates Unchanged at 3.91%
This mornings report for daily mortgage interest rates has not changed much as there has been very little financial data released to adjust mortgage interest rates drastically. With that being the case there is absolutely no difference when it comes to this mornings interest rates and the mortgage rates we are currently seeing quoted: 30 [...]
AmeriCredit Gives GM a Subprime or Bad Credit Loan Option for Car Buyers
The subprime loan industry has been quite vocal about GM attempting to purchase AmeriCredit. AmeriCredit offers car and vehicle loans to those who have less than perfect credit and are often considered “subprime” or “bad credit.” This is the same GM that filed bankruptcy recently and spun off Ally Bank (formerly GMAC) in 2006. The [...]
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