Stay updated on financial news, market trends, and economic changes that affect your money. From interest rate hikes to government policy shifts, we break down what’s happening now—and what it means for your finances.
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… Treasury Releases $268 Million of Recovery Act Funds for Low-Income Housing
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… Most States Unemployment Rate Still Climbing
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… Payment Processor Ordered to Pay Back Nearly $1.8 Million for Fraudulent Debits
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… Ten Banks to Pay Back $68 Billion in TARP Funds
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… Unemployment Rate at 9.4% for May 2009
Delinquencies in commercial and multi-family residential mortgages continued to rise during the first quarter of 2009 due to the weak economy and an ongoing credit crunch, according to a report released on Tuesday by the… Mortgage Delinquencies Continue to Rise
Pending home sales rose for the third month in a row in April, boosted by low interest rates, affordable home prices, and the $8000 first-time homebuyer’s credit. According to a report released today by the… Pending Home Sales up 6.7% in April 2009
The volume of mortgage applications rose slightly last week, according to a report released Wednesday by the Mortgage Bankers Association. Last week’s mortgage loan application volume, as measured by the Market Composite Index, was 915.9,… Mortgage Application Volume Rose Last Week
Continuing job losses remain severe, according to a report release by the Labor Department on Thursday. While the number of initial jobless claims dipped slightly last week, this is mostly because it is being compared… Initial Jobless Claims Still High
In these difficult times, fraudsters are working under the guise of the federal government to trick struggling homeowners. President Obama announced the Making Home Affordable program earlier this year as part of the effort to… Internet Scam Targets Troubled Homeowners