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Save my Home - Mortgage Default and Foreclosure Help
Take a step-by-step approach to saving your home and prevent a mortgage foreclosure. If your're in trouble look hear to learn what actions to take, where to find help, tips on what to avoid, and how to get back on track.
5 commentsRecession: What is it and How did we get there?
Second quarter 2008 First of all, it hasn't yet been determined that the United States is currently in a recession. The National Bureau of Economic Research, the major (and supposedly unbiased) research...
8 commentsHow to Explain the Subprime Financial Crisis Part 1
The first lesson in a two part series on the subprime financial crisis and how to explain what happened in a simple manner.
9 commentsWhich banks are in the most trouble now?
After Friday afternoon's news that IndyMac Bancorp was being taken over by the government and then reopened yesterday under the new name IndyMac Federal Bank, the worry on Wall Street and Main Street has grown...
18 commentsIndian Banking Sector with PSU and Private Banks
Watch out for fake e-mail on I-T refund Vijay Singh | TNN Navi Mumbai: After some private bank portals were cloned, it is the turn of the income-tax website to be dragged into a phishing fraud. A mail is being...
0 commentsHow Bad Is The Subprime Mortgage Crisis?
To understand the nature of the subprime mortgage crisis and how we got ourselves into such an incredible mess (as well as what that mess really is), we need to go back several decades and examine how the...
66 commentsHow to Explain the Sub Prime Crisis In Simple Terms Part 2
The Second lesson in a three part series on the subprime market and how to explain it simply to others.
21 commentsQuestions And Answers About Auto Loans With Bad Credit Part 2
-If I am on Social Security Disability can I get approved? Yes, Social Security income is guaranteed income every month. Most subprime lenders will accept Social Security disability income. Be prepared to...
0 commentsBuying a House After Filing Bankruptcy
Buying a house after filing bankruptcy is very possible after only a single year. After two years, lender will often disregard your bankruptcy, meaning you will get standard (good) interest rates on your...
How Does The FDIC Close A Bank?
I don't work for the FDIC any more but when I did I really enjoyed it. When I was in banking back in the late 70's to mid 80's, mortgage interest rates were running as high as 18%. People were failing on...
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