New labor statistics are out for May 2013: 175,000 new jobs added. That’s good news for an employment picture that’s remained stagnant for some time. But some economists fear that this upturn is far from the numbers needed to jumpstart the economy, particularly since...
For some time we’ve been reporting in this space about the emerging crisis in student loan debt and its impact on various sectors of the economy – including housing. And because the student loan situation so closely parallels the events of the 2008 housing collapse,...
On paper it sounds good. Take out a “reverse mortgage” that draws on home equity to release cash for daily living and other expenditures. For many, particularly those in retirement and beyond, the plan offers financial relief while leaving the original investment...
Combine federal manipulation of interest rates, tighter standards for mortgage lending and a surge in subprime loans, and what do you get? A blend of mixed messages and conflicting goals that leaves financial experts and homebuyers alike scratching their heads. And,...
As the housing market continues its rebound, the mortgage lending industry is still a work in proeress after the string of lawsuits, settlements and new legislation put in place to protect consumers after the well-publicized abuses of the past. More regulation is...
