Unemployment is on the rise, new jobs are hard to find and all these economic problems come from our new idea of what builds our country. In the beginning, our nation was founded on work. Labor jobs, which are real work, forged this country and set a young nation in motion to become one...
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Author Archive
Unemployment and New Jobs: Are Americans Afraid of Labor Jobs and Real Work?
New Job Openings and Obama Job Stimulus Keep Moving Forward To Combat Unemployment
The Obama stimulus plan has created new jobs and saved numerous others but with the unemployment rate still at 9.8% more obviously needs to be done to help struggling Americans. Many argue that the job market is the slowest to recover after a recession, but the rate at which the job market is...
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Company Earnings Reports for the Third-Quarter; Important To Investors As Economic Indicator
The third-quarter earnings reports of big companies are the focus for investors this week as a surge or even a minimal rise in profits and earnings are, to many, a more important indicator of the health of the economy. The earnings reports are due out soon so many investors are looking with hope...
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Refinancing Your Home Loan: Is Refinancing Your Mortgage A Good Idea?
Refinancing your home loan can result in a lower interest on your mortgage payments but it isn’t always a good idea. For instance, if you have had a home loan for an extended period of time you will not be able to refinance your home loan without essentially restarting the process of battling...
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Homeowners Having to Default on Mortgage; Mortgage Rates Still A Problem; What Are the Options?
Mortgage rates are still causing some homeowners to have to default on their mortgage payments. The reality of how bad the economy truly is can be seen in the number of people who are losing their homes simply because their income drastically changed and their mortgage payment became too much to handle. ...
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Extension For First Time Homebuyer Tax Credit Possible
An extension on the first time homebuyer tax credit looks like it may be possible as reposts of the program’s success reaches the ears of congress. The program has been a success so far and with the mortgage rates at an all time low there have been a great number of people buying houses...
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Troubles for Loan Modification Program; Lower Mortgage Payments Needed for Homeowners
A loan modification program was introduced to help lower the monthly mortgage payments that were causing many homeowners to fall behind and thus causing a range of foreclosures across the country. The program recommended by the Obama administration was an apparent solution to all the trouble but there has been less prosperity with...
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Low Mortgage Interest Rates and Tax Credit Cause Rise in Mortgage Applications; Life in the Housing Market
Mortgage interest rates are staying low so people around the country are taking advantage as evidenced by the rise in mortgage applications. The interest rate on a mortgage is at a record low, being under 5%, and with the governmental tax credit program still in effect more people than ever are jumping into...
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Tax Credit for Homebuyers Deadline Near: Will It Be Extended?
The homebuyers tax credit has a deadline of November 30th but with the programs success there are those who want Congress to extend the deadline by six months. The tax credit will provide new homebuyers with up to $8,000 toward the purchase of a new home and thus far many have taken advantage of...
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FDIC Foreclosures Solution: Forbearance Program; Assistance to Struggling Homeowners
The FDIC is proposing a forbearance program to assist homeowners who are struggling to make their mortgage payments. The idea is similar to any loan forbearance program with a few exceptions. If a homeowner has defaulted on a mortgage due to unemployment the FDIC wants lenders to allow forbearance on a mortgage that would...
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