Mortgage Defaults Slowdown »
The financial crisis is still in full swing for most, but the good news is that the third quarter findings show that homes with late mortgage payments has actually gone down. This is really great news, except that the number of first time foreclosures has risen.
With defaults slowing down shows us that the financial meltdown [...]
Buyers Want Money Back »
The new apartment complex in Queens received a suit filed against it from the individual buyers wanting their money back. The suit states that the buyers were unable to receive loans after the financial meltdown and were not able to make closing. With the developers failing to file any disclosure statements, the buyers feel they [...]
GM Goes 0 to 60 With Public Trading on Again »
While GM had gotten the bailout from the taxpayers not too long ago, its ability to go back to being publicly traded seems to have been a very good idea. With this being the company’s largest stock offering to date, almost half of the money that was given to GM has already been back.
The initial [...]
Lohan Causes Financial Issues for New Movie »
It seems that the latest mess with Lindsay Lohan is now affecting the producers of the new movie she is supposed to be starring in. According to sources close to the movie production team, Lohan’s recent failed drug test is making things very difficult for the production of the movie “Inferno,” which has Lohan portraying [...]
Bank of America and Higher Fees »
Bank of America has issued a statement on Tuesday stating that the banking giant will have to raise the minimum account balance on checking accounts or set new fees for any account that falls under the new monthly minimums. This is supposed to help the bank maintain a level of revenue unheard of before the [...]
Annoying Phone Calls Turn to Social Networking »
If you thought having debt collectors calling you at all hours of the day and night was annoying, just wait until one of them pops up on your Facebook account and adds you as a friend. There have been a growing number of debt collectors signing onto Facebook in the hopes of catching the people [...]
Financial Commission Report Disagreements »
The congressional commission that is looking into the financial breakdown has been rumored to have dissension amongst its ranks but high ranking officials in the commission seem to be downplaying that dissension. Last month there were two members that left the commission with rumors of disagreements floating in the air.
Although the disagreements have shown to [...]
Unemployment Numbers Show in Stock Closing »
Good news hit the unemployment figures on Friday as the numbers show a rebound of figures that seemed to be better than were originally expected. These better figures helped boost up the Dow showing its first weekly gain since the early weeks of August.
There are some experts that think the raising of the stock market [...]
Lehman Brothers Blame Government »
The former chief to Lehman Brothers announced that the lack of government assistance was a leading cause in why the lending institution failed during the financial crisis in 2007, unlike other banks that received bailout money to help stay afloat. This announcement came at a hearing with a panel that is investigating the leading causes [...]
Trapped Chile Miners, Company Bankrupt »
Thirty three miners in Chile are clinging to hope as the company that owns the mine that they are stuck in is in preparations to file for bankruptcy. The San Esteban mining company has turned over the rescue plan to a state owned mining company as they no longer have the money to support the [...]
