If you are a home owner, chances are pretty good you used your home as a sort of ATM with patio chairs in recent years to help pay for all those nifty goodies we Americans love to purchase whether we need them or not.

Well, the evidence now strongly shows the party is over!
The impact of [...]

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Once upon a time, having sterling credit meant that banks and other lenders valued your business.
No more.
The subprime mortgage mess is now impacting even those who spent years building up their credit record, because banks are running scared.
A just released Federal Reserve study shows that: “About 55 percent of domestic respondents indicated that they [...]

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As interest rates continue to plummet millions of Americans will flock to their lender to refinance and many of those will find that their credit scores prevent them from taking any real advantage of those new low rates. Borrowers that financed when rates were low previously, and their credit scores higher, were able to get [...]

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I see so many people who are just itching to be real estate investors. However, a common theme seems to be “I want to buy and rehab a house but I don’t have any money.” Not only are they lacking funds for investment, they have little or no income and are hopelessly in debt. Then [...]

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As the never ending presidential debates go on and on and on and on and on and on — and on, it only seems fair to find out what the candidates think about the expanding subprime mortgage/housing/credit/banking/stock market/unemployment/recession crisis (or, SMHCBSMUNRECR, for short) we currently find ourselves in. But, since none of the YouTube [...]

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Real estate investors, like everyone else, should be aware of their net worth. This value is extremly important because it allows us to gauge if our complete financial value is increasing or not. The average American doesn’t know how to save money, and typically has a very low net worth; many people [...]

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In an attempt to improve their image problems (Note: all lenders have image problems thanks to a little thing called the real estate bubble), Wells Fargo has implemented a program that actually benefits consumers! They have targeted the sub-prime lending market, which has been a source of increased concern for consumer groups and now, [...]

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