Obama's Foreclosure Plan

Predatory lending entities, not black Americans worst hit by the housing crisis, have pocketed the lions share of stimulus money doled out so far.
That according to US REO and cited by an NAACP rep in a recent LA Times editorial. “The money should have gone to direct payments to homeowners, just like they did with [...]

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Are you ready for the holidays ahead? It seems that the best bargain in 2009, is a foreclosed or distressed property!
Even though the rate of foreclosure notices is slowing, according to RealtyTrac, default notices, scheduled foreclosure auctions and bank repossessions — were reported one in every 417 U.S. housing units in November. Up 18% from [...]

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Millions of Americans are breathing another sign of relief this morning after learning that Congress has moved to pass another extension of jobless benefits. If approved, and it looks like it will pass quickly and easily, unemployment benefits will be extended for up to 14 extra weeks! That’s 14 weeks on top the 33 week [...]

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I don’t know about anyone else, but I woke up last week and saw that Bernanke has proferssed the Recession Over, I almost collapsed with a HUGE sign of relief! I couldn’t have been alone…
“From a technical perspective, the recession is very likely over at this point,” Bernanke said in responding to questions at the [...]

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You should be able to find several indispensable facts about personal finance issues and learn the answer to the question “can you be sued for credit card debts” in the following paragraphs. If there’s at least one fact you didn’t know before, imagine the difference it might make.
If you have credit card debts, but are [...]

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Economic Depression… are you one of the millions who have searched the Internet for help? According to a post at Politico, the brains behind our Government thinks that since the volume of searches for the term have dropped, the economy must be better!
I wonder what will happen when these talking heads come out of their [...]

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As Independence Day passes this year, many Americans are in dire financial situations. Regardless of the talking head news media, the economy in our Country is not showing too much hope in the near future for millions of Americans who are out of work and out of money!
The Credit industry is doing its best to [...]

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Another of the many efforts from the Obama Administration was released this week! An all new 152-page draft bill to create ANOTHER new commission, the Consumer Financial Product Commission. While it’s intended to protect against confusion among all the different financial industry products for consumers, it sounds like just another way of adding to our [...]

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As if we all didn’t already know this, Herbert Allison, who has been selected by President Obama to oversee the $700 billion bank bailout program, said the economic foreclosure bailout plan needs time to work!
Allison, best known for once leading the ill-fated Fannie Mae… wait… aren’t they part of this problem to begin with? I’m [...]

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As we have all been following along with the Foreclosure Bailout, a new bit of very interesting regulation is getting ready to roll out of the Obama Administration that will literally affect 95% of the adult population! The Obama Credit Plan has just made it over one hurdle in the Congress and is sure to [...]

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