The word crisis has been used in a variety of ways to describe the economic situation of the past 18-months. The National Housing Crisis. A Global Financial Crisis. Wall Street’s Capital Market Crisis. Banking’s Liquidity Crisis. This past weekend while attending a panel discussion on asset allocation, I heard a new term for the current [...]
Continue reading...Thursday, December 17, 2009
REO properties are properties that were repossessed by lenders such as banks that had a failed foreclosure auction. The amount of properties has grown over the past year and this left banks no choice but to lower the prices to get rid of them. They consider these properties as non-performing assets since it can cause [...]
Continue reading...Monday, November 9, 2009
Most people do not spend time addressing their personal finances in sufficient detail ahead of unexpected and scheduled expenses. This causes significant financial crises for many families. This article addresses the issues of proper planning to avoid a personal finance crisis. It is in the news nowadays all over the place about the home mortgage [...]
Continue reading...Sunday, November 1, 2009
Similar to the housing predatory lending which fuels the foreclosure problem in America, is predatory renting. Predatory renting can be composed of several components, including:
Continue reading...Wednesday, October 21, 2009
Buying a house you couldn’t afford, accepting a subprime mortgage from a lender, losing your job, or experiencing health problems are just a few of the reasons that people can end up in foreclosure. Regardless of the reason for their money troubles, thousands of people are losing their homes, damaging their credit, and facing the [...]
Continue reading...Tuesday, October 6, 2009
The New America Foundation and the Asset Policy Initiative of California, in association with Assemblymembers Ted Lieu (D-Torrance) and Ted Gaines (R-Roseville), cordially invite you to join us Mon…
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Thursday, December 24, 2009
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