The Latest Debt & Finance Blog

Home For Sale - Foreclosure Sign

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…

Expensive House

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…

Young male student with glasses holding multiple credit cards looking stressed about his climbing debt

U.S. College Students Consumed by Credit Card Debt

By Bill Fay | July 2, 2012

The results are troubling for economists. In a country riddled with consumer debt — the next generation of American consumers, college students, seem to be following in their parents’ footsteps,…

2 Happy People

Credit Agency: Some Mortgage Modification Strategies Better than Others

By Bill Fay | July 2, 2012

Fallout from the collapse of the U.S. housing market is ongoing, and consumers are only now beginning to learn the effectiveness of various mortgage modification strategies that they used after…

Veterans struggle with debt

Veterans Struggle as Much as Other Americans when Wrestling Debt

By Bill Fay | July 2, 2012

Veterans and active duty service members of the U.S. military and their families are struggling as much as everyone else in America with substantial financial problems in the wake of…

Student Loan Application

Congress Steps Up, Keeps Stafford Loan Rates at 3.4 percent

By Bill Fay | July 2, 2012

It came down to the wire, but Congress finally voted to help out millions of current and former college students who have accumulated up to $1 trillion in student loans.…

Sources:

  1. Luhby, T. (2012, July 9). Closer to a Bailout? FHA's Mortgage Delinquencies Soar. Retrieved July 9 2012, from http://money.cnn.com/2012/07/09/real_estate/housing-delinquencies/
  2. Federal Housing Administration. (n.d.). HA Loan Delinquency Timeline --How to Avoid Foreclosure. Retrieved July 9, 2012, from http://www.fha.com/fha_article.cfm?id=178
  3. Pritchard. J. (n.d.). FHA Loan Basics. Retrieved July 9, 2012, from http://banking.about.com/od/mortgages/a/FHALoans.htm