It has been a month since Jean-Claude Juncker, Luxembourg’s prime minister and chairman of the 16 euro-zone finance ministers, said that Greece had until March 16th to show progress on their budget. The euro-zone finance ministers meet this week, and apparently Greece has meet the short term goals. From Reuters:…
A reverse mortgage may be the ideal method to fund retirement. This type of program pays seniors as long as they live in the home. Reverse Mortgage Funds A reverse mortgage may be used as supplemental income during retirement years. Many senior homeowners are finding it difficult to afford…
A reverse mortgage is a safe loan that does not require any type of repayment. This type of senior mortgage is based on the home’s accrued equity. Reverse Mortgage for Seniors Many older homeowners are electing to enter into a reverse mortgage agreement. This type of loan does not…
This is an unofficial list of Problem Banks compiled only from public sources. Changes and comments from surferdude808: There were several additions and removals during the week that left the Unofficial Problem Bank List totals almost unchanged. This week there are 640 institutions with assets of $325.6 billion compared to…
One of the groups seriously impacted by the great recession is the “pre retirement” generation – currently the “Baby Boomers” – the workers between the ages of 45 and 64. Click on graph for larger image in new window. This graph shows the unemployment rates for two groups: 45 to…
From Tom Abate at the San Francisco Chronicle: Financial leaders dissect meltdown “What is quite shocking,” [John Lipsky, a senior official of the International Monetary Fund] said, is how inadequate the world’s regulatory supervisors were in curbing the lax lending standards at the heart of the housing and credit bubbles.…
Many newer readers of The Simple Dollar haven’t been exposed to the hundreds of great articles in the archives of the site, so this is a weekly series that highlights the five best posts from one year ago this week, two years ago this week, and three years ago…
Randy Johnson, president of Independence Mortgage Co. in Newport Beach, author of “How to Save Thousands of Dollars on Your Home Mortgage” and a mortgage broker since 1983, answers questions… Q. Is there any difference from paying an extra bit each month or one full payment a year or…
Note: this data is not seasonally adjusted. There is a very distinct seasonal pattern for imports, but not for exports. LA area ports handle about 40% of the nation’s container port traffic. Sometimes port traffic gives us an early hint of changes in the trade deficit. The following graph shows…
A couple excerpts from American Banker: Regulatory Actions Hit a Record Level in ’09 “Bank regulators issued 1,143 formal enforcement actions against banks and their holding companies last year, a new record and more than double the 2008 tally.” “Informal actions by the agencies, which are not made public and…