News

2010

May

14

• Battle over financial reform pits auto dealers vs. military. The debate over the Senate's financial reform bill is setting up an unusual battle on Capitol Hill between two powerful groups: automobile dealers and the military. Car dealers, a well-organized small-business lobby with members in

• Foreclosures continue to rise as banks work on backlogs. More people lost their homes to foreclosure in April as banks worked through a backlog of troubled borrowers, according to data released Thursday. The number of homes repossessed, the final stage of the foreclosure process,

09

• Expensive homes are falling prey to foreclosure. Heated pools, ocean views and media rooms are not what most people would expect to find in a foreclosed property, but more high-end homes — priced at more than a million dollars — have been falling into

08

• Homebuyers seeking credit are racing the clock. For thousands of home buyers who scrambled to meet the April 30 federal tax-credit deadline for completed contracts, a new challenge is looming: Can they nail down their mortgage financing and get to closing before the

06

• Facebook glitch brings new privacy worries. For many users of Facebook, the world’s largest social network, it was just the latest in a string of frustrations. On Wednesday, users discovered a glitch that gave them access to supposedly private information

• Financial overhaul bill gets bipartisan push. In a rare show of bipartisanship, the Senate on Wednesday overwhelmingly approved an amendment to the financial regulatory bill aimed at ensuring that taxpayers never again be on the hook for bailing out collapsed banks

04

• How to buy a foreclosure. You want to buy a foreclosure? Remember, there are both great opportunities and great pressures and pitfalls in this market. First, you have to decide at what stage of foreclosure you want to buy. There

02

• Quiz: How close are you to the financial edge?. April was financial literacy month. Did you learn anything? The anecdotal evidence doesn't look good. Americans are falling deeper into debt, and they are increasingly waiting too long to seek help, said David Jones, president

01

• Liberal Senators propose credit card rate cap. Following a wave of new regulations aimed at curbing credit-card industry abuses, some liberal senators are hoping to breathe life into an old idea: capping the interest rates paid by cardholders. Sen. Sheldon Whitehouse (D-R

• Appraisal fraud jumps, despite tightened rules. For anyone who assumed that the toughened real-estate appraisal rules imposed on the mortgage market last year would mean less monkey business in home valuations, here's a shocker: Fraudulent appraisals soared in 2009, according to a

April

30

• Planes de pensiones, en medio de una batalla. Firmas financieras quieren administrar su 401(k) mientras los empleadores tratan de evitarlo Las personas que se están cambiando de trabajo, son despedidas o están a punto de jubilarse se encuentran en medio de

29

• Rush is on to claim home buyers tax credit. After breaking up with her longtime boyfriend and finding a job she loves in Denver, Quinn Kelsey decided last Friday to take advantage of the home buyers' tax credit. She found a condo she liked

• Financial reform debate begins in full Senate. Ending three straight days of solid opposition, Senate Republicans agreed Wednesday to start a full-scale debate on the most far-reaching proposals to toughen regulation of financial institutions since the Great Depression. The Republicans' decision cleared

26

• Five key steps to buying first home. As a Realtor, Lacy Williams gives presentations to first-time home buyers about what to expect when buying a home. She often finds she must start at the beginning, helping novice buyers decide whether it makes

25

• Antes de rendirse y abandonar su casa... considere otras opciones. El embargo hipotecario no tiene por qué ser su única solución; el Tío Sam puede echarle una mano Millones de familias de clase media están sufriendo para pagar sus hipotecas, no pueden

• Ocho estrategias que lo ayudarán a llenar la alcancía. La gente pasa mucho tiempo pensando en cómo hacerse más rica. Pero hay algo que a menudo pasa por alto: cómo exprimir el suficiente dinero de sus gastos cotidianos. En realidad, el

24

• Plan to speed recovery for some borrowers. Here's some good news for people who had to give the deed on their house back to the bank because of financial problems, or who have done a short sale to avoid foreclosure: You may

22

• Cash for appliances program starts Thursday. The federal cash-for-clunkers program is so passe. Now the government is playing rebates-for-refrigerators and money-for-washing-machines. Last summer's federal program fueled vehicle sales and jump-started the sputtering auto industry by enticing customers to trade in their

• US offers aid to those on eviction's edge. SAN MATEO, Calif. — Two years into a merciless downward spiral, Antonio Moore was threatened with living on the street. He had lost his $75,000-a-year job as a mortgage consultant, his three-bedroom house with a Jacuzzi,

19

• 8 money missteps that can really hurt you. The road to financial hell is paved with alluring options: credit cards, payday loans, reverse mortgages, 401(k) raids and more. And even though parts of the economy are starting to look stronger, the unemployment rate