A Failing Battle to Fight Foreclosure

This headline caught my attention this morning: Ten months ago President Obama announced a $75 billion program to keep as many as four million Americans in their homes by persuading banks to renegotiate their mortgages. Lenders have accepted more than one million applications and cut three-month trial deals with 759,000 homeowners. But they have converted…… Continue reading A Failing Battle to Fight Foreclosure

From Wall St. to Your Street

Faced with sobering conditions, companies that issue MasterCard, Visa and other cards are rushing to stanch the bleeding, even as options once easily tapped by borrowers to pay off credit card obligations, like home equity lines or the ability to transfer balances to a new card, dry up. Story Just like it takes a few…… Continue reading From Wall St. to Your Street