Archive for the 'Personal Finance' Category

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Fannie,Freddie: Taxpayers on the hook

How big a burden taxpayers would bear if Uncle Sam lends a hand to the two mortgage finance giants depends on a lot of hard-to-estimate variables.
NEW YORK (CNNMoney.com) — Saving Fannie Mae and Freddie Mac could cost the U.S. taxpayer. But so could letting the two mortgage giants collapse.
A rescue plan that uses federal dollars […]

Peer-to-Peer Lending - another way to fix credit crunch

The credit crunch has meant that many deserving consumers, who once qualified for home equity or personal loans, are being shunned by banks or offered loans that cost too much. On the flip side, the effort to fix the credit crunch is sticking savers with miserly interest rates. Put two groups of unhappy people together […]

Top Lenders Mortage Aid Procedures

Millions of Americans are struggling to pay their mortgages as the economy slows and loans reset to higher rates. By acting quickly, these homeowners may stave off the worst-case scenario — foreclosure and the loss of their homes.

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