The number of homeowners in the mortgage bailout program under the federal CARES Act fell by 104,000 from June 23 to June 30 — the largest one-week drop since the start of the program, reported CNBC. On the other hand, the number of those in...
U.S. banks could be at risk for massive losses as the pandemic strains their resources, the Federal Reserve warned in its semi-annual report on financial stability. The Fed said some of the biggest issues could come by way of high corporate debt and mass concentration...
For the younger generation, for cash flow, look beyond four walls. In the latest staff report from the New York Federal Reserve, titled “Trends in Household Debt and Credit,” it is noted that one of the features of debt is that it can “provide access to...
Way back in the day (which, in 21st century digital economy terms, probably means a decade or so), smart and important people used to express well-informed skepticism about the prospect of selling clothes, cars and even groceries via online or mobile channels. The concerns were...
February 03, 2023
For many Americans, owning a home or renting an apartment signifies financial stability and maturity, with Americans traditionally leaving home early and never looking back. But home ownership — the cornerstone of the American Dream — is increasingly out of reach, as 18 million people have given up on buying a home since inflation began […]
January 18, 2019
Way back in the day (which, in 21st century digital economy terms, probably means a decade or so), smart and important people used to express well-informed skepticism about the prospect...
September 04, 2017
Today, nationwide, Americans are celebrating the joys of hard work and earning an honest day’s living by sleeping late, going one last time to the beach and soaking up the last of...
July 06, 2020
The number of homeowners in the mortgage bailout program under the federal CARES Act fell by 104,000 from June 23 to June 30 — the largest one-week drop since the start of the program, reported CNBC. On the other hand, the number of those in the forbearance program is still high, encompassing 4.58 million homeowners, […]
May 17, 2020
U.S. banks could be at risk for massive losses as the pandemic strains their resources, the Federal Reserve warned in its semi-annual report on financial stability. The Fed said some...
September 04, 2018
A scam targeting homeowners is leaving some without the downpayment for their closing on the day the loan is to be signed. CNBC highlighted two victims who lost six-figure sums...
August 06, 2018
Wells Fargo, the embattled national bank, disclosed in a Securities and Exchange Commission filing that hundreds of individuals saw their homes in foreclosure because of a glitch in software the company...
