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Americans Drowning in Debt  Since the last business cycle officially ended in March 2001, the US has experienced an extraordinary boom in private household debt.read more...


Homes for Sale  POWER1370.COM - Homes for Sale, Sell Your House Now Looking for Real Estate? NYTimes.com has articles and nationwide property listings.Commentread more...


Six charged in mortgage scheme (Miami Herald)  Alberta police charged six people accused of defrauding 22 lenders including Genworth Financial Inc. and Canada Mortgage & Housing Corp. of C$30 million ($25.6 million) for financing properties in the


No simple yes or no on adjustable-rate mortgage (Chicago Tribune)  As home prices accelerate at double-digit rates, many first-time buyers have relied on interest-only or zero-down payment loans in order to afford a home. And though not paying toward principal,


Condo fever alters face of Ocean City  Ocean City -- Norman Gilden bought his first vacation home in Ocean City three years ago, expecting his $359,000 investment would grow.via


Bernanke vows to study mortgage woes (Everett Herald)  WASHINGTON - Federal Reserve Chairman Ben Bernanke said last week that he did not believe the growing number of mortgage defaults would seriously harm the economy.read more...

September 10th, 2006

Death of spouse changes finances

Mary Duncan never imagined how quickly she would need to learn how to manage savings and investments until a year ago.

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