For hundreds of thousands of homeowners who are underwater on their mortgages, it's been a tantalizing question: Is there any way that our lender might agree to lower the amount we owe — not just the monthly payments but the principal debt itself? Until now, the answer virtually always has been a resounding no. Announcement soon? The same would be true for the second and third years. More
From the Los Angeles Times
Southern California home prices fall, affordability returns to normal
January's median sales price falls 40% from a year earlier, to $250,000. As the Southland's bubble continues to deflate, the ratio of price to income has returned to historical levels, analysts say. By Peter Y. "It's bubble psychology. More
These days, small business owner Anonthy Smith is doing well at his New
Clothing Store, Heavy's Clothing&Jewerly, but it wasn't always
this way."I am a business owner, and there are ups and downs, and I had some downs, " said smith.A
bankruptcy in a poor economy pushed his credit score down, making it
tough to get a loan. More
Employers who hire people struggling to find work this year will reap tax benefits under a new federal law, but business groups say the law doesn’t go far enough. The Hiring Incentives to Restore Employment Act was enacted March 18. It gives a payroll tax holiday to employers who hire people unemployed for 60 days or more beginning Feb. 4, 2010 through the end of this year. More
This Saturday I was awakened by a call from
American Express. Although they had not sent me a bill yet, they decided
I had to send them money right away. The pleasant Customer Service
Representative explained that American Express had decided my charges for this
month were more than they would allow, even though my account was current. More
Bankrate.com just released their 2007 College Financing and Career Guide, and there are some articles included that are definitely worth checking out. I'd had internships during college, but my last one wasn't something that could pan out into a full-time job (the company was too small, I think). It was then that my parents sat me down and had a little talk about "networking". More
The members agreed that the expectation of an increase to 2 percent inflation was reasonable.An analyst at Tokyo, Japan based wealth management firm Sapporo International stated that the BoJ now anticipates that inflation will reach the targeted 2 percent at some point in the fiscal year that ends in March 2020. More
In order for you to be found "negligent" in the design, manufacture and/or distribution of your product, the following must occur. - First, it must be shown that you had a "duty owed" to another party. Simply marketing your product to a customer is generally all that is needed to demonstrate that duty. - Second, there must be a breach of that duty. No one expects you to be perfect. More
As a result, the usual market motivations that move mortgage interest rates do not influence mortgage pricing as they have in the past. Low inflation also helps interest rates to move down. Last week, there was a plethora of bad news about the economy. Huge job losses. Very low inflation. Lots of layoffs. Mark Goldman, CMPSSan Diego, CAwww.markgoldman.com(858) 487-1875 More
Information About Credit Counseling and Debtor Education Produced in cooperation with the Department of Justice’s U.S. They also must complete a debtor education course to have their debts discharged.The Department of Justice’s U.S. Trustee Program approves organizations to provide the mandatory credit counseling and debtor education. By law, the U.S. Check the U.S. Check the U.S. More