Government Program Offers Incentive for Mortgage Loan Modification

October 22nd, 2009 [ Comments ]

If your lender is given the option to modify your mortgage loan or foreclose, what will they choose to do? This is a question facing the millions of American families who have fallen behind on their loan payments

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Struggling US Economy Survives with One Bailout after Another

December 3rd, 2008 [ Comments ]

Since the burst of the housing bubble late last year, the credit markets, the finance industry, and the US economy in general, have gone on a constant and speedy downturn.  

In an effort to stop the economy from completely reeling out of the control, leaving in its wake a slew of bad debts, failed banks, job losses, frozen consumer spending, and just recently, an auto industry on the brink of collapse, the US government has released wave after wave of rescue packages in the form of direct investment into banks, short-term loans to financial institutions, and guarantees of real-estate backed loans. 

Washington D.C. is pouring out money like there’s no tomorrow. Since the start of this crisis, the government has already apportioned a jaw-dropping $7 trillion on pledges of financial backing and bailout commitments.  

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