| WAMU ABOUT TO SNEEZE AND CATCH A COLD
Cramer said that there's "no global economic slowdown." By contrast, Cramer also said, "the world is growing too fast for the Fed's comfort when it comes to inflation. In my honest opinion Cramers statements are idiotically made by the currently biggest media mouthpiece that was ever hired to pump and dump stocks for Wall Street in the history of stock fraud! If the world is growing too fast and the Fed is worried by inflation that would mean a rise in interest rates too sooner than later. Why would it be too sooner? Because right now the housing market has already been deflated by at least 10% over the past year and if that is not enough to signal the beginning of a recession, wipe out $1.4 trillion of home equity across 300 million homes in America and it averages about 3,333.33 per household in lost wealth.
Audit Finds Flaws In Road Home Help Centers
BATON ROUGE, La. -- A state audit found that the centers set up to help homeowners navigate through the state's complex Road Home post-hurricane assistance program don't always give homeowners enough information to make their choices. Legislative Auditor Steve Theriot's office said homeowners weren't always given details of eligibility, assistance options and requirements for the aid as they sat down with advisers. The audit is the first of a series of reviews of the $7.5 billion Road Home program. The audit said some interviews seemed rushed, some homeowners didn't get fact sheets, housing advisers weren't always updated on the latest policy changes in the program, and no housing center gave its employees written performance goals. Advisers in many instances didn't provide an overview of the program at the start of interviews.
Finding An Alternative To Bankruptcy
Bankruptcy is, to some degree, like the illusion of the palm tree and pond in the desert. Find the money to pay an attorney, file for bankruptcy and with the thump of a gavel the court makes your debt disappear. You can keep your house, if you have one; your car, if you have one of those; what's left to dispose of besides the furniture you bought on credit? Besides, “Everybody says it's a snap to get a credit card and be a credible borrower again in just a couple of years…" It is neither that attractive nor that simple. There are two basic bankruptcy options. One of them dissolves your debt obligations entirely (excepting those mortgage and car payments) and the other puts your financial matters in the hands of a bankruptcy court referee. If the court determines that your income does not justify complete bankruptcy, you will be directed to pay a portion of what is owed to each of your creditors.
Spring DIY fever is on the way - how will you pay?
Should you be considering home improvements? And if you decide to go ahead, how will you finance them? The obvious answer is to consider a personal loan - and there are plenty of good deals on the market - but since the improvements are tied up with the value of your home, you might find a better deal by remortgaging. Remortgaging tends to be the cheapest way that most of us can borrow money and, if youre going to be adding value to your property, it may well be the most sensible way of paying for home improvements. Remember that you can often take out additional borrowing on a different basis from your existing loan, perhaps borrowing a new tranche of cash with a discounted loan to add to the fixed rate offer you have already, or vice versa. An extra bathroom should pay for itself, as long as it does not replace a bedroom in a small house.
|
