Don’t Get Scammed!

With the foreclosure mess running rampant around the country, the vultures are looming overhead, swooping down on homeowners to pick what’s left. The bait? Foreclosure seminars targetting immigrants, using the language barrier as leverage.
On Wednesday, FBI and investigators from the San Diego County’s DA’s office took action, arresting five people for conning predominantly [...]

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Sold!

The sale of Bear Stearns to JPMorgan Chase has closed. JPMorgan now has a larger footprint in investment banking, but it also bought the risk carried by Bear Stearns.
A victim of the subprime mortgage mess, Bear Stearns has been around for 85 years; JPMorgan had initially come in with a $2.00 a share bid, but [...]

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The Financial Markets, May 27, 2008

Oil prices up, stock market down. That just about sums up last week’s market action.
After rising 57% in 2007, the price of a barrel of crude oil has risen another 38% so far in 2008-and it’s starting to hurt, according to Barron’s. Oil is a key ingredient in so many [...]

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7 Million Jobs Could Be Lost. Will Your’s Be One of Them?

It’s a 2008-2009 recession. Last month, according to the Bureau of Labor Statistics, 146.3 million Americans were employed. 7.6 million weren’t. That’s 7.6 million, folks. That ain’t a small number.
Obviously the housing industry has a lot to do with the number of unemployed, i.e., [...]

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Home Sales Rise Unexpectedly

Reading through Financeblogonline.com (or anywhere and everywhere) you definitely know that housing has been doing terrible over the past many months. But April is a little different.
A government report on the housing market revealed a suprise: new home sales rose. While sales remained near historic lows, they did come up 3.3% to [...]

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Storm Coming for Home Resales

And it gets worse. Previously owned home sales dropped in April. The supply of unsold property has reached record highs. The median home price dropped 8% from last year at this time. And with the conditions out there the way they are–falling home prices, tighter lending restrictions, higher foreclosure rates, and [...]

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Home Price Drop Sharpest in 17-Year History of Index

Wow. Yes, Wow. That’s all I can say about everything I’m seeing recently. I just read that gas could get up to between $12 and $15 a gallon–a gallon! folks, and now the government index, one of the most comprehensive ones focused on the U.S. market, posted [...]

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Things To Know if you Use Credit Cards

In this dog-eat-dog world, everyone is out to make profits and get ahead in the rat race we call life. No matter how dedicated and disciplined you are in your use of credit cards, your providers are not going to rest until they figure out a way to [...]

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Microsoft Paying YOU to Search?

Yep, you read correctly. Seems Microsoft will do what it takes to get you to switch over from Google. Apparently not able to compete otherwise, Microsoft will, it seems, give cash back to online shoppers that use their online search engines. Called the ‘Live Search Cashback’ program, Microsoft will return some [...]

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The Homeless Middle Class? I’m Disgusted.

Yes, I am disgusted. Not at this new phenomenon of people, but at the fact that we, as a country, are having trouble even paying rent. I just read a story on CNN about Barbara Harvey, a 67-year old mother of three grown children and former loan processor, who is [...]

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