Staying out of debt has long been the standard for responsible money management. For generations parents have drummed that into the heads of their irresponsible offspring: pay your bills on time and repay what you owe. But in today’s financial climate, not paying off...
“Owning a home is the keystone of wealth, both financial affluence and emotional security,” says financial guru Suze Orman. But as American ages, suffers financial instability and becomes more diverse, the definition of “home” is changing – and that creates new...
The nation’s big banks are trying to clean up their image, and Bank of America is leading the way. With a brand new ad campaign aimed at r3estoring trust and winning the hearts of new customers, BofA aims to shed the baggage of its dirty past and eradicate consumers’...
There’s a move afoot in some states to get rid of Edward De Marco, currently acting head of the Federal Housing Finance Agency, or FHFA – the oversight agency for mortgage giants Fannie Mae and Freddie Mac. The reason, say housing experts, has to do with FHFA policies...
Programs offering assistance to struggling homeowners in the aftermath of the housing collapse have focused mainly on residential homeowners needing help to make mortgage payments and keep their homes out of foreclosure. But it’s less well known that investors can...
