Mary Tomkins is a freelance writer located in Spartanburg, SC, with emphasis on economic news and research on the financial industry.
On Monday, the Department of Energy (DOE) announced that Michigan was awarded $32 million and Iowa received $16 million in Recovery Act funding to go towards energy projects. Then ten states on Wednesday were awarded…
A bogus mortgage foreclosure prevention operation has been charged with violating the FTC Act by fraudulently claiming they could prevent foreclosure. The fake company not only failed to deliver on their promises and refused to…
Sales of existing homes picked up the pace again in May, according to a report released by the National Association of Realtors (NAR). May’s increase – spurred by more affordable home prices, historically low interest…
The Treasury Department announced on Monday that $268 million in American Recovery and Reinvestment Act funds will be released to create jobs and provide low-income families with affordable housing units in Indiana, Missouri, Tennessee, and…
Understand what it really means if you’re considering cosigning a loan for someone. A creditor may require a cosigner when the applicant doesn’t have the credit history that a lender requires to approve the loan…
The unemployment rate continued to climb in nearly all states and regions for May, according to a report released today by the government. The national unemployment rate rose from 8.9% in April to 9.4% in…
A payment processor that took millions of dollars – without authorization – from consumers’ bank accounts has been ordered by a federal court to pay nearly $1.8 million in consumer redress and to end the…
Nearly anyone can find a dealership that will give some type of financing for their next vehicle. But getting the best deal on a car loan – and saving money on those monthly payments –…
Ten of the nation’s leading banks won approval from the U.S. Treasury to repay about $68 billion in TARP funds, the government said Tuesday. “These repayments are an encouraging sign of financial repair, but we…
The unemployment rate rose to 9.4% in May from 8.9% in April, according to a report released today by the Department of Labor. The pace of job cuts is slowing and the month of May…