Posted 6 weeks 3 days ago by Xin Lu
Personal Finance, Real Estate and Housing, Consumer Affairs
The United States House of Representatives just passed a massive mortgage bailout bill that includes many changes to the Federal Housing Administration and the Government Sponsored Enterprises. One particular change in the bill is that seller-funded down payment assistance through a third party is now prohibited in obtaining FHA loans. This in direct response to the unscrupulous behavior of many seller funded down payment assistance charities that sprang up in the past decade.
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Posted 8 weeks 4 days ago by Xin Lu
Personal Finance, Investment
Today the troubles of IndyMac bank was splashed in the headlines. Its stock has fallen to nearly $0 and depositors are making a run at closing their accounts. IndyMac has been consistently been paying one of the highest CD interest rates in the nation, and it is a prime example of a financially weak bank that offers high rates to attract new deposits.
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Posted 34 weeks 5 days ago by Paul Michael
Extra Commentary
I like to keep up with all the latest news and info. I'm a big fan of Digg, BBC news, NPR, CNN, all the usual suspects. I thought I was fairly well-versed on the places to get my information and keep me "in the know." Then a friend of mine came over to visit from England, and he gave me a gift. It was a stick of deodorant that contained no harmful heavy metals. When I asked why, he said "what, don't you read News Target?"
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