Posted July 2, 2009 - 12:04 by Xin Lu
Personal Finance, Real Estate and Housing, Consumer Affairs
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?
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Posted April 1, 2009 - 12:57 by Paul Michael
Personal Finance, Making Extra Cash, Green Living, Consumer Affairs
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.
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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.
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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.
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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.
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Posted September 17, 2008 - 15:17 by Paul Michael
Personal Finance, Lifestyle, Credit Cards, Consumer Affairs, Real Estate and Housing, Taxes
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?
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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.
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Posted June 19, 2008 - 09:50 by Paul Michael
Personal Finance
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?
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