Archive for the ‘lending’ Category
Monday, January 5th, 2009
CNNMoney.com has a great outline of where and when money has been allocated for this economic bailout we’re paying for in tax dollars. Check it out here.
We’re beginning to wonder what the figures for Citigroup loan-loss backstops and Auto industry energy efficiency loans will look like when all’s said and ...
Posted in economy, finances, lending | No Comments »
Wednesday, December 17th, 2008
As unemployment rates rise nationally, individual states are now facing the challenge of generating enough funds to pay for jobless benefits. The National Association of State Workforce Agency reported this week there are thirty states across the country turning to the federal government for federal aid to solve a crisis ...
Posted in budgeting, debt, economy, income, lending | 2 Comments »
Tuesday, December 16th, 2008
The Federal Reserve decided this afternoon to cut a key short-term interest rate to historic lows, making things clear that it will “employ all available tools” in its effort to save the country from its current economic crisis.
The Fed announced that it would pull back its target for the federal ...
Posted in credit cards, economy, finances, lending, money | 2 Comments »
Monday, December 15th, 2008
Fannie Mae announced Sunday that renters don’t have to fear eviction if their landlords get foreclosed. The loan association has reworked policies to allow tenants that are up-to-date on their rent to remain in their homes even after the foreclosure is underway. It’s a move that falls in line with ...
Posted in General, debt, finances, lending, money, real estate | 4 Comments »
Wednesday, November 12th, 2008
If you have been following the global economy and its downturn over the last few months, then you have probably heard people talk about a problem with the money market and how this problem is impacting the economy at large. What is a money market and why is it so ...
Posted in lending | No Comments »
Wednesday, October 1st, 2008
In September 2008, the Federal Housing Finance Agency (FHFA) announced the federal takeover of mortgage giants Fannie Mae and Freddie Mac. The bailout of the two government sponsored enterprises (GSEs) occurred in the midst of the current credit crisis, further fueling anxiety of the US market as well as concern ...
Posted in lending | No Comments »