obama

Making Home Affordable expanded again - borrowers allowed to refinance loans up to 125 percent of value

Posted July 2, 2009 - 12:04 by Xin Lu

Personal Finance, Real Estate and Housing, Consumer Affairs

100% Financing

When the Obama administration first announced the details of the Making Home Affordable program in March, the guidelines for the refinance portion stated that the loan refinanced cannot be more than 105% of the value of the home. Now a new expansion of the program allows the loan to value ratio to be up to 125%. Will this help consumers or just worsen the situation?

full story 16 comments

Obama Eases Treasury Costs with At-Home Money Printing Stimulus

Posted April 1, 2009 - 12:57 by Paul Michael

Personal Finance, Making Extra Cash, Green Living, Consumer Affairs

Treasury

Everyone is feeling the economic crunch these days, and that includes the Treasury department. It’s no news to anyone here that there has been increasing unhappiness with President Obama’s latest rounds of bailouts, but today could be a turning point for his recent negative PR. And it’s going to save the government a fortune.

full story 14 comments

Details of Obama's mortgage plan released - Will you benefit?

Posted March 4, 2009 - 13:17 by Xin Lu

Personal Finance, Real Estate and Housing, Consumer Affairs

Today the Obama administration officially released the final details of the mortgage plan that was announced a few weeks ago. Here is a quick summary on what is in the plan and how homeowners can find out if they are eligible for a new loan.

full story 46 comments

Will Obama's new mortgage plan really reward responsibility?

Posted February 18, 2009 - 23:13 by Xin Lu

Personal Finance, Real Estate and Housing, Consumer Affairs

Today President Obama announced a new $75 billion Homeowner Affordability and Stability Plan to the world. It is touted as a plan that helps responsible homeowners who have not yet missed payments. However, will it really reward responsibility? Lets take a quick look at what is in the plan.

full story 45 comments

Recession Journal Part II: Broke or Poor?

Posted January 18, 2009 - 18:55 by Jabulani Leffall

Personal Finance

We must understand fundamentally while some of our exercises in saving go for naught and why when things turn around, we forget our lessons. Unfortunately in America just eat one bite from the tree of knowledge, just one trip out of town, just one spending spree, just one feel of fine fabric, one morsel of Kobe steak can actually program your hard drive in a way that’s hard to undo.

full story 23 comments

Could the last person to leave America please turn out the light.

Posted September 17, 2008 - 15:17 by Paul Michael

Personal Finance, Lifestyle, Credit Cards, Consumer Affairs, Real Estate and Housing, Taxes

lightswitch America

I don’t know about you, but I’m more than a little worried by recent economic events. First Freddie Mac and Fannie Mae, then Lehman Brothers, and now an $85 billion loan to AIG. Some people would have us believe that despite all of this, the foundations of our economy are strong. But with trillions of dollars in debt now on the table, how long can this country keep racking up the red ink?

full story 23 comments

Investment Gains Taxes Increase - The Worst Tax Policy Ever?

Posted June 20, 2008 - 01:37 by Xin Lu

Personal Finance, Investment, Taxes

Yesterday Paul Michael wrote an article comparing the income tax policies of McCain and Obama and suggested that he would vote for Obama because Obama's tax policy would benefit everyone but the uber-rich. In the comments on the article there are many great comments about the candidates' tax policies and how it is not so simple to say that Obama's plan is better. One particular comment that stuck out to me is about Obama's stance on doubling capital gains taxes, and I think that is possibly the worst tax policy ever, and here is why.

full story 37 comments

McCain or Obama? Who’ll be better for your wallet?

Posted June 19, 2008 - 09:50 by Paul Michael

Personal Finance

Pres

I want to keep this factual. This is not an article on who should be the next President, or as these campaigns usually go, who shouldn’t be President. This is a simple presentation of facts as they stand today. Bottom line - who’d be better for your bottom line next year...Obama or McCain?

full story 66 comments

Have more to say? Join the discussions at Wise Bread's Finance and Frugality Forums.

Finance Blogs - Blog Top Sites