Why Debit Cards Are Risky
Buffett Promises to Pay Off National Debt
4 Best Sites for Side Income
Saving Money Vs. Paying Off Debt
12 Days Winner: Robert Kiyosaki
Fewer things are worse than taking advantage of someone losing their home. This is precisely what mortgage loan modification scams are doing at the worst time in the foreclosure crisis. Perhaps worst of all, most of those targeted are minorities, bringing an even more sinister edge to what’s already a heinous crime. 
Bank of America recently announced it will begin charging $5 monthly fees for customers who make debit card transactions. Following a string of banks that have flirted with fees for debit-card use, the bank plans to begin charging its fee at the beginning of next year.
How do you feel about your bank? Some people adore their local institution and the business relationship they’ve fostered over the years, while others flat out hate their bank and want everyone to know it. Either way, it’s safe to say a lot of people have been screwed over by big banks in the past, especially since the last financial meltdown.
Get ready for the latest trend in market trend analysis: Twitter. More than just a way for the narcissistic to log the minutia of daily life, the social network Twitter is also a potentially an investment and market analysis tool.
Due to the sluggish economic recovery, the Federal Reserve launched Operation Twist. This is the latest effort by America’s central bank to turn things around using monetary policy. Many hope the project will lower long-term interest rates, including mortgage rates. If history is any indication, however, shuffling around government bonds won’t have much affect.
The U.S. Senate reached a bipartisan deal on stopgap spending that is designed to avoid a government shutdown. The deal is also expected to defuse a fight over aid to be provided to victims of hurricanes, tornadoes and other natural disasters.
McGraw-Hill Cos. Inc., which owns Standard & Poor’s, said it received a Wells Notice from the Securities and Exchange Commission (SEC) staff on Thursday explaining civil legal action may be recommended against the institution. The reason behind the recommendation is an issue with a particular 2007 mortgage investment, known as a collateralized debt offering.
It is more important than ever these days to find the best savings accounts available, whether you’re the customer of a giant national bank or a local credit union.
New reports released by the inspector general of the Federal Housing Finance Agency (FHFA) revealed Fannie Mae and Freddie Mac are largely responsible for last year’s mortgage and foreclosure crisis. One report in particular implied that better risk controls at Fannie Mae could have helped avoid potential foreclosure abuse that forced banks to slow down and revamp their mortgage-handling processes.
Regulators Struggle to Develop Risk Controls
Since the “Great Recession” began, economy anxiety has run high. Some have even speculated that a double-dip recession is on the horizon.
