Personal Finance Newsletter (8/28/2010)
Posted in Uncategorized on August 28th, 2010 by admin – Comments OffDear 1ClickMoney.com Readers,
Welcome to the Personal Finance Newsletter (8/28/2010). In this edition we have included news, articles and videos. You can find more resources on our website: 1ClickMoney.com.
Personal Finance News
Rate Of Late Home Loans Fell In July
The rate of single-family home loans behind in payments by at least 90 days improved between June and July, but the rate of delinquencies for mortgages on apartment buildings worsened, government-controlled lender Freddie Mac said Thursday. (More)
Stocks gain as Bernanke, GDP reassure investors
Stocks posted big gains after Federal Reserve Chairman Ben Bernanke said the central bank was ready to step in if the U.S. economy showed further signs of weakening. (More)
Cheaper Reverse Mortgages May Be Coming (U.S. News & World Report)
U.S. News & World Report – The Federal Housing Administration (FHA) is developing a new reverse mortgage product that sharply cuts up-front payments by home owners but also significantly reduces the percentage of a home’s equity that can be paid to owners under the program. Reverse mortgages insured by the government are available on homes where the youngest owner is at least 62 years old. The program is called a Home Equity Conversion Mortgage (HECM). (More)
Business events scheduled for the coming month (AP)
AP – WASHINGTON — Commerce Department releases personal income and spending for July, 8:30 a.m. (More)
Mutual Funds Weekly: Bond buyers are killing the economic recovery
Don’t miss these top money and investing columns: Bubble or not, the buying frenzy fueling the bond market is killing the economic recovery. (More)
Personal Finance Articles
Three Reasons for Getting Guaranteed Personal Loans
This economy has everyone struggling and penny pinching. Guaranteed personal loans should be the last thing on anyone’s mind however there are many reasons that a loan of this type can help make things a bit easier and less stressful. Here are some of the reasons. (More)
Is Used Car Donation worth the Cause?
Used car donation program may not be the best option for many. Before you call me selfish and Parochialistic for not supporting charity, I want you to read the rest of article and understand w… (More)
Structured Settlement Payments and the “Interest Drag” Factor.
Interest drag occurs when you sell structured settlement payments and the transaction is dragged beyond its normal closing time by an unethical purchaser. Depending on the size of your transaction, yo… (More)
What You Should Know About Identity Theft
Since the dawn of the information age, more and more people are becoming victims of identity theft which often results in severe monetary losses and legal problems as well. For the most part, people … (More)
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