Wall Street Journal reports the Boston Fed is going to hold a foreclosure prevention workshop next month at Gillette Stadium in Foxborough, MA.
I can understand local meetings and regional workshops, but “The event is an opportunity for homeowners who are in financial distress, or concerned about foreclosure, to sit down with their lender face-to-face, and [...]

Lots of news today about Fannie Mae and Freddie Mac and the possibilities they may be insolvent.  Stocks keep getting hammered and various government agencies keep announcing they aren’t in trouble, they just need a little help to make it through a “rough patch”.  So, maybe it isn’t really news, but spin to keep the [...]

Well, I just got an email from a loan officer regarding what kind of loans can be approved.  She states that if a loan isn’t in Jumbo category, but can go Fannie Mae, there can be a 57% back end ratio.
What that means for non-lender people is that all of your debt payments including cars, [...]

Who could have ever imagined that the Senate wouldn’t actually put together some sort of foreclosure relief package before their week long July 4th break.  I can imagine the thought process “Should we try to do something for the American people, or should we screw around, then take a vacation?”.
From the Boston Globe: “But negotiations [...]

“Over a frantic weekend in mid-March, Ben Bernanke rewrote the rule book as chairman of the Federal Reserve. Like a military commander applying overwhelming force, he took steps then and over the next two months that some at the central bank are now calling the Bernanke Doctrine.” from International Herald Tribune
Personally, I don’t think Bernanke has [...]

Happened to run across an article which was pretty much promoting a foreclosure bus tour in Illinois.  Maybe it’s just me, but I find the concept sort of repulsive.  The tour is, of course, promoted by a real estate company and is touted as providing “first time home buyers and investors the best deals in [...]

“The bill - a response to rising foreclosure rates statewide - sailed through the Assembly last week, but seems to have shallow support among Republican leaders in the Senate, where it may not go to a vote. Frustrated Senate Democrats on Wednesday held a news conference to demand that Senate Majority Leader Joseph L. Bruno [...]

Washington Post has an article about a coalition attempting to persuade Americans to increase their savings rate and reduce their dependency on debt.  Good luck with that.
Television, which is a major source of entertainment for many Americans, is a continuous stream of images and advertisements based on consumption.  I can’t really imagine new shows being [...]

“A dozen protesters walked into a downtown bank branch at noon Thursday to demand greater action in relieving the county’s housing foreclosure crisis.” from The Sun
Now I mostly use a bank branch located in a grocery store, so there’s only a counter and not much floor space and my first mental image of a dozen [...]