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Banks Institute Stricter Rules for Mortgages

By Bill Fay | July 24, 2012

While the once sluggish real estate market has reportedly been on an upswing in recent months, it may actually become more challenging to take advantage of current low housing prices…

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Small Businesses Show Recent Signs of Recovery

By Bill Fay | July 20, 2012

There is good news for small business owners and entrepreneurs considering a new venture — lenders are steadily increasing their volume of small business loans. In May, the overall number…

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Older Homeowners Hit Hard by Mortgage Crisis, Study Suggests

By Bill Fay | July 19, 2012

America’s mortgage crisis affected millions of older homeowners just at the time when their retirement nests should be heavily feathered, according to a study from the Public Policy Institute of…

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For Record Number of Seniors, Golden Years Mean More Work

By Bill Fay | July 19, 2012

They can be found diligently working in local grocery stores, offices, department stores and within the health care industry – they’re Americans aged 65 and older who remain active in…

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Report: 700,000 U.S. Homeowners Regain More Equity

By Bill Fay | July 19, 2012

There’s good news on the horizon for homeowners and the national economy this financial quarter: More than 700,000 U.S. households regained positive equity in their properties, according to a new…

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Obama, Congress Deride For-Profit Schools’ Preying on Veterans

By Bill Fay | July 17, 2012

Responding to complaints from thousands of veterans, Congress, the Obama administration and various veterans groups are condemning some of the practices of for-profit schools and colleges that receive hundreds of…

Consumer Credit

Economists Debate Good News, Bad News of July Credit Report

By Bill Fay | July 17, 2012

Economists around the globe are crunching the latest G.19 credit numbers released by the Federal Reserve’s Board of Governors, numbers that show that consumers around the world are still borrowing…

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Increasing Number of FHA Home Loans Fall into Delinquency

By Bill Fay | July 10, 2012

Unlike other sectors of the mortgage market, which appear to be steadying after years of turmoil, FHA loans are falling into delinquency and foreclosure at an alarming rate. A recent…

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Report: Reverse Mortgages Being Used by Young Borrowers

By Bill Fay | July 5, 2012

A recent consumer report indicated the government-insured reverse mortgage program, once intended to help seniors continue living in their homes free from financial constraints during the retirement years, contains possible…

The Perfect Home

Reports: Housing Market Showed Marked Improvement

By Bill Fay | July 2, 2012

After several challenging economic years, the sluggish housing market is said to be on the mend as the number of total home sales show a sales gain. In fact, economists…

Sources:

  1. Board of Governors of the Federal Reserve System. (2012) Retrieved from: http://www.federalreserve.gov/boarddocs/snloansurvey/201205/fullreport.pdf
  2. Elmer, V. How to Pump Up Your Credit Score (2012). Retrieved from: http://www.nytimes.com/2012/05/20/realestate/mortgages-how-to-pump-up-your-credit-score.html
  3. Steiner, S. How credit scores impact your mortgage rate (2012). Retrieved from: http://www.bankrate.com/finance/mortgages/how-credit-scores-impact-your-mortgage-rate-1.aspx