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.
Unfinished business in the wake of the housing bust My neighborhood is still under construction. The back of the subdivision has unfinished gravel roads, and some of them are still dirt. Empty, weed-grown lots abound,…
President Bush signed the housing rescue bill into law on Wednesday. The new laws have two main objectives; to help struggling homeowners refinance into affordable loans guaranteed by the Federal Housing Authority (FHA), and to…
There’s been a lot of heated discussion about the mortgage bailout. And why shouldn’t the discussion be heated? Predatory lenders and gullible borrowers got together, and somehow the borrowers became convinced that they could afford…
So, have you received the friendly little reminder the IRS sent to you? Many taxpayers will receive a rebate of $600, $1200 for joint filers, and an additional $300 for each qualifying child. Even those…
Citigroup has become the next major institution troubled by bad mortgage-related investments to receive a taxpayer bailout. The New York-based mega-bank is yet another financial giant to be considered “too big to fail”; the company…
What is a recession? A recession is often defined as two consecutive quarters of slowing economic growth, as measured by the gross domestic product (GDP), but it’s really a little more complicated than that. Economists…