Nov 7th 2011 12:15PM
WASHINGTON -- The wealth gap between younger and older Americans has stretched to the widest on record, worsened by a prolonged economic downturn that has wiped out job opportunities for young adults and saddled them with housing and college debt. The typical U.S. household headed by a person age 65 or older has a net... Continue Reading »
Nov 1st 2011 6:00AM
President Obama recently announced he would extend the nation's mortgage refinancing program in an effort to provide relief to homeowners whose mortgages are worth more than the value of their homes. With 11 million underwater households no one can claim the housing crisis over. However, some regions have survived the... Continue Reading »
Aug 24th 2011 5:35PM
WASHINGTON - Mortgage applications to purchase a home fell last week to a 15-year low, despite the lowest mortgage rates in decades. Many potential buyers are holding off because they are worried about job security and fear the economy could slip back into another recession. The Mortgage Bankers Association said... Continue Reading »
Jul 8th 2011 6:00AM
Is there anything scarier than plummeting home value? According to Kris Williams, ghost hunter extraordinaire, there's plenty to give homeowners the willies -- and not just around Halloween either. As a lead investigator on the SyFy Channel's "Ghost Hunters International," Williams has crisscrossed the globe in search of... Continue Reading »
Jun 3rd 2011 10:50AM
Among the most hotly contested ideas that bank regulators have proposed to reduce the risk of another financial crisis is a rule making a 20 percent down payment mandatory on some new home loans. Consumer advocates, civil rights groups and lending industry groups alike have said that such a rule would deter many families... Continue Reading »
