Every three years, the Federal Reserve Board conducts a survey on finances of U.S. families. The survey includes information on income, assets, net worth, pensions, etc. Being curious, I decided to see what the last survey had to say. What exactly ~is~ the status of U.S. families? How are they faring?
from www.chron.com:
Mortgage lenders are bracing for a flood of defaults as many adjustable-rate mortgages originated in 2005 and 2006 during the height of the housing market frenzy reset to higher interest rates.
The loans were initially attractive options for buyers because of their cheaper “teaser” interest rates that kept monthly payments low, but even a small percentage increase can translate into a far higher payment.
With home sales in decline and prices down or flat in many regions, more homeowners are landing in foreclosure because they can’t afford to sell their homes after falling behind on payments.
It seems they’re right.
Read More...
January 2008
November 2007
October 2007
November 2006
October 2006
April 2005
February 2005
Read More... News and Advice
Innovis: The "New" Credit Reporting Agency by arin721
Sample Letters - Quick Links by arin721
Resources for Identity Theft - Quick Links by arin721
Resources for Credit Repair and Credit Scores - Quick Links by arin721
Credit Scores - Quick Links by arin721
You know you’re in trouble when you turn on the cold water faucet and what comes out is hot water for the first three or four minutes. Its supposed to be 102F here today. That’s pretty hot. And I have two cats. Complete with fur. How do they stay cool in the summer? We always hear how someone left a dog in a car and they had a heat stroke but what about our cats?
What do beans and left over salad have in common? Both can be tossed into a burrito for a cheap, filling meal.
Plasma donation. I does it.
Saving money as a single can be difficult. You’d think it wouldn’t be, since there is only one of you, but cooking for one can be more expensive and time intensive. And when you’re busy and tired you don’t want to spare that extra time. You end up living on prepared foods and take out. After all, who wants to cook for one? So how to save money in the biggest money waster: food?
There’s snow on the mountain tops where I live already. Its getting too cold to wear sandals and I need a sweater. The dark will soon do me in. Its winter and these are all normal things, and for me and many people like me, so is the depression that will set in soon. The winter blues.
Read More...
