Fannie Mae is upping the bet on strategic default of home mortgages Wednesday, saying that borrowers who default despite having ability to pay in good faith won't be eligible for a new Fannie Mae-backed mortgage for seven years from the date of foreclosure. Along with home foreclosures, strategic defaults are increasing. There have been a ...

Click here to read complete article.

The Making Home Affordable mortgage loan modification program was started in early 2009 to help homeowners keep away from foreclosure. It is intended to support mortgage modification, mortgage refinancing along with other affordable home choices for homeowners stuck in mortgages they cannot pay. This program, however, has been running into steady problems with lenders. The ...

Click here to read complete article.

The IRS announced last month that in the next three years it intends to conduct 6,000 random audits of all businesses that utilize independent contractors. With record numbers of Americans out of work and more than half the states borrowing from the federal government to pay unemployment claims, the motivation driving the crackdown is clear. ...

Click here to read complete article.

Here is a link to a free download of The Elements of Investing by Burton Malkiel and Charles Ellis. Both authors have previously written well know investing books including A Random Walk Down Wall Street. I haven't read the book myself, but I have downloaded it for a future read. Read more of Free ...

Click here to read complete article.

Payday advances must be examined to counter the current conventional institutional lending practices globally. The Obama administration, Federal Reserve and Senate announced February 9, 2009 the crisis of their attempts to quell the deepening economic waters in the U.S. further leading to heightened borrowing within the payday loan sector. How much debt is the U.S. in? Firstly, the ...

Click here to read complete article.