Since the U.S. economy crashed in 2008, putting unemployment at the top of everyone’s watch list, the U.S. government and media have worked hard to prevent general public understanding of who to charge with responsibility for the event. 67 more words
Tags » Mortgage Lenders
The problem: small banks may drop out of the business because of the cost of tougher regulations.
Beginning Jan. 10, banks have to ensure that monthly mortgage payments are affordable, a result of the Dodd Frank law passed in 2010. 352 more words
Did you know that the average person spends $1.22 for every $1.00 earned? That is a negative savings rate! According to Ben S. Bernanke, Federal Reserve Chairman, “There is a desperate need for greater financial literacy among consumers.” And he is right! 377 more words