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Rules to follow when buying a new home

Rules to follow when buying a new home

After the housing market collapsed, followed by the credit crunch, it became quite difficult for people to buy homes. However, now, while still tight, it is becoming easier (than a few months ago) to find a mortgage. So how do you know what to get …

There are some upsides to the down economy

There are some upsides to the down economy

Whenever you look at the overall economy and get discouraged, remember that there are a few upsides to the economy being in the gutter.
First, as a while, we’re borrowing less and putting away more. I suppose that we’ve all been a bit burned by not …

Tighter Credit Permanent?

Tighter Credit Permanent?

The CEO of Citigroup, Vikram Pandit, delivered a speech to end the first day of the National Summit in Detroit. The purpose of the summit is basically just a meeting of the minds, business, economic and government leaders, to develop strategies to keep America competitive …

Negative Home Equity and Poor credit outlook leaves homeowners cold

Home prices all over the world are falling at an alarming rate. In the United States, many homeowners are already finding themselves in a situation where they are facing negative equity in their homes, meaning that they owe more to the bank than what the …

JPMorgan to cut 9,200 jobs at WaMu

When JPMorgan acquired Washington Mutual in September, employees at WaMu probably understood that some of them would be cut from the roster. The good news is not all of the positions will be eliminated immediately; around 4,000 jobs will be eliminated by the end of …