Posts Tagged ‘housing market’


Social Security Numbers Define Our Identities

If you don’t have a Social Security number, do you really exist? About 480 million Social Security cards have been issued since the system began in 1936 – and by now, the numbers on that card define our identity for everything from hospital admissions to getting a new car loan. It’s the closest thing in […]

Read More...
AMA

Old Scams Still Snare New Victims

It’s said there’s nothing new under the sun. And that seems to be true in the world of financial scams and frauds, where new victims continue to get caught in variations of old scams that have beep around for years. The Internet has only made it easier for scam artists to cast a wider net. […]

Read More...
AMA

Small Banks Wither Under New Regulations

Where have all the small banks gone? Local and regional banks and financial institutions are fast disappearing, their places often filled by branches of the ever expanding megabanks. According to a new report from Money Morning, those little banks – often the last resort for some borrowers – may be falling victim to the slew […]

Read More...

Do Women Make Better Investors Than Men?

If, as John Gray’s book would have it, men are from Mars and women are from Venus, it seems that where investing is concerned, Venus is rising. A new report by USA Today confirms what a variety of behavioral studies have been saying for a while: women are better at investing than men. Although talking […]

Read More...

Can Scarcity Thinking Sabotage Success?

Can you really attract wealth just by changing your thoughts, as promised by self-help gurus everywhere? Though it seems that those self-proclaimed experts are attracting their own wealth just by persuading you that it’s true so you’ll buy their courses and books, psychologists and life coaches say that limiting beliefs you may not even be […]

Read More...

The Federal Reserve Faces Critics At Home and Abroad

The Federal Reserve’s brand new leader has a lot on her plate. As the nation’s central bank takes the first steps toward tapering down its massive stimulus plan, it faces not just criticism from emerging markets around the globe but also from financial experts at home, who worry bout the Fed’s long-term stability. A few […]

Read More...

Boreas and Friends Take a Toll on the Economy

Boreas, Cleon, Electra . . . the newly named winter storms marched across the northeastern US earlier this winter in quick succession, leaving behind frigid air, paralyzed cities, and economic consequences that proved costly for some, lucrative for others. And the result is a mixed picture for employment, construction and the big indicator of economic […]

Read More...

Emerging Markets Worry About Stimulus Fallout

The Federal Reserve may be optimistic about the outcomes of its decision to taper down the ongoing bond buying stimulus program, but the rest of the world isn’t so sure. Among issues on the table at an upcoming meeting of the world’s money policymakers in Sydney are concerns that in deciding to scale back on […]

Read More...

Stress Can Derail Financial Success

Medical professionals have been saying for years that stress can take years off your life. For a number of financial professionals, that may literally be true, as a string of suicides and other mysterious deaths rock the international banking community. The world of finance is a high stress, high stakes place – and new studies […]

Read More...

Is Insurance an “Investment?”

Insurance policies may protect assets in the event of a catastrophe, but are they — as insurance companies would have it – a real investment? A new Forbes business report reveals that while insurers sell policies as sound investments in the future, they’re actually using the premiums paid by worried — and trusting – policyholders […]

Read More...

Loan Fraud Cover-ups Affect the Economy

Another day, another bank fraud settlement. JP Morgan Chase has just agreed to pony up $614 million in the latest round in the Justice Department’s ongoing effort to clean up the fraud and deceit in the nation’s lending industry. And whether you’re looking for a mortgage or not, the big banks’ longstanding patterns of deliberate […]

Read More...

Housing and Job Numbers Suggest a Turnaround

Amid the gloomy news about a slow and fitful economic recovery, some corners are clearly being turned. Those two major indicators of economic health, housing and employment, go hand in hand to suggest a more stable future. Case in point: a drop in mortgage delinquency and foreclosure rates to levels not seen since before the […]

Read More...

Identify Theft Insurance: Promises, Promises?

Is your identity safe? High profile incidents like the recent data hack that stole the information of Target shoppers at Thanksgiving 2013 and revelations about domestic surveillance have kicked consumer anxiety about cybersecurity into high gear. And where fear exists, opportunists aren’t far behind. Case in point: the new – and profitable – business of […]

Read More...

A Unanimous Decision Keeps the Fed’s Taper Going

Months after it was first announced, the Federal Reserve’s plan to taper down its massive stimulus plan is gathering steam. After scaling back its $85 billion monthly buyup of mortgage baked securities and bonds by $10 billion, the Fed’s Open Market Committee has now voted to lop off another $10 billion. That brings the monthly […]

Read More...

The Long Reach of Shadow Banking

Shadow banking – the financial world most have never heard of – stepped into the light recently with news from China about an investigation into that country’s system of unregulated financial dealings. While it’s easy to assume that this alternative to mainstream banks is purely a phenomenon of countries with a history of secrecy and […]

Read More...

US Markets Still Lure Foreign Investment

Is foreign money propping up the US economic recovery? International investing in key economic sectors continues to grow every year – and that raises concerns that foreign investment could crush its US competitors and compromise growth in the long term. That’s a paradox that experts are watching in the newly rebounding housing market, where foreign […]

Read More...

Life After Lawsuits: Megabanks Try to Regroup

After racking up over $40 billion in legal fees fighting government sponsored lawsuits over the past few years, Bank of America wants you to know it’s changed its ways. Faced with allegations of mistreating both its customers and employees after th death of an overworked intern at one of its London branches, the bank – […]

Read More...

Is Optimism About the Economy An Illusion?

As a new year gets underway, predictions abound about what lies ahead in the months to come. After the uncertainties and reversals of the past few years, there’s no shortage of pundits and prognosticators who foresee better days ahead for the economy, based on recent stats from major sectors like housing and unemployment. But that […]

Read More...

Social Media Missteps Can Hurt Credit

It’s an open secret that companies routinely Google job applicants and examine their social media profiles as part of the hiring process. But in a more regulated and cautious lending atmosphere, banks and other financial institutions are starting to look at the social media activity of loan applicants to determine creditworthiness for mortgages and other […]

Read More...

Top 5 Trending Topics of 2013

This New Year sets the stage for a financial world that’s very different in some ways than any we’ve seen before. From the decline of the dollar to the rise of the Bitcoin and other digital currencies and the state of the stimulus, the trends of 2013 paved the way for changes that affect all […]

Read More...