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Mortgage Assistance Center Corporation Completes Reverse Merger with Specialty Financial Services Company (PR Newswire via Yahoo! Finance)   Mortgage Assistance Center Corporation , formerly Safe Alternatives Corporation of America, Inc., today announced that it has acquired 100% of the issued and outstanding capital stock of Mortgage Assistance


Advantages of a 50-year mortgage can cost you later (Seattle Post-Intelligencer)  Home buyers shopping for a loan may notice a new kid on the block: the 50-year mortgage.read more...


UK April mortgage approvals second weakest on record (Times of Malta)  Mortgage approvals for house purchase were the second weakest on record last month and nearly 40 per cent lower than at the same time last year, a survey showed yesterday.read


Bank failure costs customer great rate  If your bank fails, you may lose a top savings rate. Still, you should be grateful, Dr. Don Taylor says.read more...


Laurel grad survives Katrina  Stephanie Smith went through the eye of the storm and lived to tell about it. Smith lives in Pass Christian, MS, outside of Biloxi, MS, about 60 miles east of


Boomers Are Buying Lifestyle; Transforming the Design of New Home Amenities  When the first active-adult communities were launched in the 1960s, many were large in size, located in traditional Sun Belt states and shared similar community format, design and amenities.read more...

May 6th, 2008

FDIC 99-year payment rule is urban myth

The notion that the FDIC has 99 years to pay depositors is an urban legend, says Dr. Don Taylor.

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