Archive for August, 2010

Foreclosure crisis isn’t over yet

Thursday, August 26th, 2010

New figures from the Mortgage Bankers Association show still-high rates of delinquency.---read the article

Credit card debt lowest level in 8 years

Wednesday, August 25th, 2010

The amount consumers owed on their credit cards in this year's second quarter dropped to the lowest level in more than eight years as cardholders continued to pay off balances.---read the article

As latest protections kick in, credit cards zero in

Saturday, August 21st, 2010

IT'S ONLY MONEY reviews the last of the new credit card protections, which kick in this weekend, even as your mailboxes are deluged by slick plastic offers.---read the article

Fannie Mae and Freddie Mac reform: Would it add $5 trillion to US debt?

Tuesday, August 17th, 2010

The Obama administration held a conference Tuesday about how to reform mortgage giants Fannie Mae and Freddie Mac. Reform could involve adding Fannie and Freddie's roughly $5 trillion in obligations, in effect, to the federal balance sheet.---read the article

Compulsory saving could be a heavy burden for low income earners

Monday, August 16th, 2010

The Retirement Commissioner admits Kiwis on lower incomes may suffer if forced to save for their retirement---read the article

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