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Archive for January, 2009

James B. Lockhart — 2008 Fannie Mae – Freddie Mac Statement

James B. Lockhart — 2008 Fannie Mae – Freddie Mac Statement

Back in 2008 it seemed that Fannie Mae and Freddie Mac were doing pretty well just weeks before they were nationalized by the federal government. Copyright 2017 OurBroker.com. All Rights Reserved.

Posted in: News
Obama Inaugural Photos From The Top Of The Washington Monument

Obama Inaugural Photos From The Top Of The Washington Monument

Some 2,000,000 people attended the inauguration of Barack Obama. I’ve lived in Washington since the 1960s and in all that time there has never been anything like the crowd seen on January 20th. It was vastly-larger than any prior inaugural turn-out and despite its size there was not a single arrest. The world must look […]

Posted in: News
How To Get A Successful Loan Modification (With Obama Update)

How To Get A Successful Loan Modification (With Obama Update)

Is it possible to get a mortgage modification without being foreclosed or behind on your payments? For an increasing number of borrowers the answer is “yes” because recent changes in the mortgage industry now make loan modifications more likely than at any point since the financial meltdown began. For much of human history mortgage lenders […]

Posted in: News
Worst on Record: 2.3 Million Homes Faced Foreclosure In 2008

Worst on Record: 2.3 Million Homes Faced Foreclosure In 2008

It was no illusion — 2009 really was as bad as it seemed, the worse year on record for foreclosures since the Depression. Year-end figures from RealtyTrac.com show that 3,157,806 foreclosure filings — default notices, auction sale notices and bank repossessions — were sent out. Because some properties get multiple notices, and because some owners […]

Posted in: Foreclosures
New Mortgage Modification Effort Starts In Washington

New Mortgage Modification Effort Starts In Washington

There’s talk in Washington that Citigroup and congressional Democrats have decided to end the abuse of mortgage borrowers facing bankruptcy. To understand what’s happening here, you have to go back to 2005 when a Republican House, a Republican Senate and a Republican President agreed that the Nation would be well served if bankruptcy judges were […]

Posted in: Library
Should We Spend Our Way Out Of The Recession?

Should We Spend Our Way Out Of The Recession?

Oh gee, now here’s a problem…. The Wall Street Journal has a headline which reads, “Hard-Hit Families Finally Start Saving, Aggravating Nation’s Economic Woes.” According to the paper, rising savings rates are “a major reason the downturn may not soon end. Americans, fresh off a decades long buying spree, are finally saving more and spending […]

Posted in: News
Why Suze Orman Is Wrong

Why Suze Orman Is Wrong

I find many of the financial suggestions and strategies offered by Suze Orman to be sound and sensible, especially her recommendations to eliminate credit card debt and bulk up savings. Her efforts to encourage thrift and common sense should be applauded. That said, she has an article with which I disagree in the January issue […]

Posted in: Investing
How To Hold & Keep Your Job

How To Hold & Keep Your Job

Getting a job is not easy. There are the many interviews, the endless emails and resumes and the competition for the best spots. Amazingly enough, having gone through this marathon process, having been hired, the hiring process is not over. Huh? How can this be? In the U.S. today we have a surplus of job […]

Posted in: Jobs
How To Break Out of the No Job Blues

How To Break Out of the No Job Blues

The market for jobs is bad and getting worse. As this is written the official unemployment rate is 8.6 percent and 15.9 million people are without work  as of November 2010. The real numbers — which include the underemployed and discouraged workers — are much larger. These are lousy numbers and lousy times for many people. The […]

Posted in: Jobs
Job Search Online — How To Find The Best Work

Job Search Online — How To Find The Best Work

The Internet is awash with job sites, many claiming to have millions of jobs, or the best local jobs or the jobs you really want in a given field or profession. There’s some truth to these claims. The Internet has made the process of finding a job very much faster and easier than in the […]

Posted in: Jobs