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Home Mortgage Scam Alert

The IC3 has received several complaints from individuals who reported they received a letter stating they were a potential plaintiff in a "Mass Joinder" lawsuit being filed by a law firm located in California, against their mortgage companies.

FHA Plays Vital Mortgage Finance Role,
but Private Sector Must Return


National Association of Realtors

The Federal Housing Administration plays a key role in today’s housing market, but changes are necessary to support recovery in the real estate market and general economy. That was the focus of today’s “Restoring the Balance of Public and Private Capital in Mortgage Finance” session, part of a three-day summit during the Realtors® Midyear Legislative Meetings & Trade Expo.


Financial Advisors Can Help You Find
the Best Mortgage Refinancing Deal

NICK DANIEL

Mortgage refinancing is a smart financial decision. By paying off your earlier debts with the new loan, you can reduce your heavy monthly mortgage payment considerably and enjoy financial ease. Mortgage refinancing would also cut down your mortgage duration by several years and would let you have full home equity in half the time compared to the duration of your original home mortgage.



Do the Senior Reverse Mortgages
Solve All Financial Problems?

JUHANI TONTTI

These senior people are a special group with their only assets being in their homes. So why not to use a part of the home equity, when a senior seriously need it? The reverse mortgages work in that way, that the old owners will keep the ownerships, so in this respect they work like the usual mortgages.

Remortgages And Secured Loans Are
The Best Methods Of Debt Consolidation

LIZ MOIR

There is a simple expression that many people are very glad they heard of, and that expression is debt consolidation. The meaning of debt consolidation is pretty self explanatory when we look at the two words that form the phrase.

How Do Reverse Mortgages Work,
If You Have Bad Credit

JUHANI TONTTI

The reverse mortages are home loans, which you can get despite of the fact that you have bad credit. The reason is simple: borrowers take the reverse mortgages always against their home equity, so the lender has no financial risk.

Mortgage Approved Has Easy to Understand
Step by Step Guide for your Financial Freedom

MICHAEL SHAFFER

Wonder what it would be like to have a home of your own and even a property that you could lend out. That would certainly be the end of your financial worries.

Home Mortgage Options

KOZAN HUSEYIN

Have you been looking to buy a home? Wondering what are the best home mortgage options? In this article, you will soon discover the information you need to be able to find the best home mortgage options!

Searching for Debt Consolidation

America is under a deep recession and many people are using Internet to get information about topics related to their specific problems. One of the top keyphrases in search engines like Google, Yahoo, MSN, and AOL is debt consolidation.

Prevent Foreclosure by Prioritizing Debt Payments

TREVOR R. PRICE

Food and shelter, of course, are necessary for life - increasingly so when facing the prospect of a financial crisis. It is a difficult task to dig out of financial hardship, especially when reinforced by lifelong habits.

US House Prices Continue to Fall
Despite Low Mortgage Rates


The U.S. housing sector remains weak, two years into an unprecedented decline. House prices, house sales, and house construction are all continuing to fall. Home prices in the United States have fallen over eight percent this year, according to housing industry specialist Zillow.com. This follows a nine percent drop in 2007, the first year average U.S. home prices had declined since 1990.

Wall Street Money Manager Placed Under
House Arrest in $50 Billion Fraud Case


The Wall Street money manager accused of a $50 billion fraud was placed under house arrest Wednesday in New York. A court required Bernard Madoff to wear an ankle bracelet that allows police to track his location in a case that is reverberating globally. Major banks and individuals worldwide are saying that they, too, have been bilked in what some are calling the greatest financial fraud case in history.

Adverse Credit Remortgage

An Adverse Credit Remortgage is the process of paying-off one mortgage, from the proceeds of a new mortgage (i.e. remortgage), using the same property as security, even if you have adverse credit difficulties. An adverse credit remortgage may be just the right solution for many people.

The SBA May Help Your Small Business

If you own a small business, you are suppossed to be affraid of current economy uncertainty that creates challenges in credit markets affecting Wall Street, Main Street and small companies nationwide. But pay attention to this..., the Small Business Administration (SBA) may help you. Working through its lending partners, SBA loan programs are helping lessen the credit crunch by extending credit to small businesses across the country.

Lemon Laws

Lemon laws are American state laws that provide a remedy for purchasers of cars that repeatedly fail to meet standards of quality and performance. These cars are called lemons. The federal lemon law (the Magnuson-Moss Warranty Act) protects citizens of all states.


Best and Worst Credit Cards,
According to Consumer Reports

Consumer Reports analyzed hundreds of credit cards and named a dozen that are worthy of consumers’ consideration—and three to stay away from.

Debt Consolidation and Debt Management Services

Many consumers reach a point in their lifetimes when they have too much debt, particularly credit card and other forms of unsecured debt. Fortunately, there are potential solutions for people who are overwhelmed by debt. Two popular options for handling debt and credit problems today include debt consolidation and debt management.

Secured Credit Cards- MasterCard and Visa Cards

Whether you are in need of a new credit card or want to get yourself out of bad credit, there is one good solution for you. The secured credit card option allows you to either acquire credit through a safer basis, or build up on your credit history more favorably. While the unsecured credit card is the type of credit card most people are familiar with, the secured option has appealed to a wide range of clients.

The FTC and the Telemarketing Sales Rule

The Federal Trade Commission announced two amendments to the Telemarketing Sales Rule (TSR). One will expressly bar telemarketing calls that deliver prerecorded messages, unless a consumer previously has agreed to accept such calls from the seller. The other related technical amendment modifies the TSR's method of calculating the maximum permissible level of "call abandonment."

FHA to Provide Additional Mortgage
Assistance to Struggling Homeowners

President George W. Bush has signed into law legislation that will allow HUD’s Federal Housing Administration (FHA) to continue providing targeted mortgage assistance to homeowners. The Hope for Homeowners program will continue FHA’s existing and successful efforts to provide aid to struggling families trapped in mortgages they currently cannot afford.

The Truth About Mortgage Refinancing

It seems like everyone is jumping on the mortgage refinancing bandwagon. Maybe you're thinking about it yourself? After all, with rates as low as they are, the promise of lowering your monthly payments, sometimes significantly, is a great attraction for many homeowners.

400 Arrests in a Crackdown Against Mortgage Frauds

Since last March, more than 400 individuals have been arrested amid a massive multiagency takedown for being allegedly involved in mortgage fraud schemes nationwide. The operation focused primarily on three types of mortgage fraud—lending fraud, foreclosure rescue schemes, and mortgage-related bankruptcy schemes. “To persons who are involved in such schemes, we will find you, you will be investigated, and you will be prosecuted,” said Mueller. “To those who would contemplate misleading, engaging in such schemes, you will spend time in jail.”

Autos - Consumer Reports Top Picks for 2008

Consumer Reports has named four new models to its Top Picks list for 2008—the Hyundai Elantra SE and Hyundai Santa Fe as top choices for small sedans and midsized SUVs, respectively; the redesigned Chevrolet Silverado as the top choice for pickup truck; and the Lexus LS 460L as the best luxury sedan.

Credit Freeze: The Surefire
Way To Stop Identity Thieves

Are you a victim of credit card and Identity theft? Today, identity theft is one of the fastest growing crimes in the US. Often thieves will steal someone's identity and then go on to run up a host of bills in that person's name.

Consumer Reports' Latest Tests of
HDTVs Show Quality Up, Prices Down

There’s no need to wait any longer to buy an HDTV. That’s the advice from Consumer Reports. Tests of 101 plasma, LCD, and rear-projection TVs for the March issue yielded more sets with top scores for picture quality than in years past. CR also reveals that prices are down as much as 40 percent on some TVs, so consumers continue to get more bang for their buck.

Freelancing As a Career Option

Home bound workers can either consider telecommuting or freelancing. While telecommuting may keep you out of your home for some hours a week, online freelancing is a good way to make money if you are forced to stay at home. For example, homemakers, part-time students, retired folk, or others who wish to supplement their income from jobs or businesses can all consider freelancing.

The Truth About Cell Phones
And The Do Not Call Registry

The Federal Trade Commission reiterated that despite the claims made in e-mails circulating on the Internet, consumers should not be concerned that their cell phone numbers will be released to telemarketers in the near future, and that it is not necessary to register cell phone numbers on the National Do Not Call (DNC) Registry to be protected from most telemarketing calls to cell phones.

Steps to Stop ID Theft

If you think your identity has been stolen, take these steps ASAP:

__ Contact the fraud departments of any one of the three major credit bureaus to place a fraud alert on your credit file. The fraud alert requests creditors to contact you before opening any new accounts or making any changes to your existing accounts.

3 Mistakes to Avoid When Applying
for a Home Equity Loan

A home equity loan can be a great resource to homeowners who need some extra money to do a renovation project, pay for college tuition, or even make a large purchase. However, there are three mistakes that you as a homeowner might make that, if avoided, can make the application process run smoothly and give you a better experience:

Debt Consolidation and Credit Repair

Debt and credit issues face all Americans whether they are currently working or not and whether or not they have managed their finances well over the years. A multitude of financial concerns plague many who have had tragic circumstances hit them such as job loss, unforeseen health problems, divorce, disability and many other situations. Personal stress mounts as looming bankruptcy or constant collection calls shadow family after family who has accrued huge debts through credit cards, mortgages, car loans and business refinancing.

Using Debt Consolidation Wisely

All across the web you'll see advertisements touting debt consolidation as an easy ticket to financial freedom, and if you're struggling financially then their promises can seem very enticing indeed. However, what the marketing people don't often tell you is that unless you use consolidation wisely it can actually make a bad financial situation even worse. You could end up with even greater debt problems, and even run the very real risk of losing your home.

Consolidate Debt With A Home Equity Loan

If you are a home owner who is having to borrow from Peter to pay Paul every month due to a mounting debt load, a debt consolidation home equity loan may be the answer. A debt consolidation loan will allow you to consolidate your high interest credit card and consumer loan debt into one low rate, affordable monthly payment.

Legislation to Protect Consumers’ Private Phone Records

The Federal Trade Commission told the House Committee on Energy and Commerce that “aggressive law enforcement is at the center of the FTC’s efforts to protect consumers’ telephone call records from pretexting,” and said that proposed legislation, the “Phone Records Act,” would provide important new tools that would assist the Commission in combating the unlawful practice.

Debt Consolidation, Good or Evil?

Thousands are caught in the debt trap each year. Many approach debt consolidation companies, but such companies should be handled with care. Nobody is ever alone.

California Home Sales Down 25.3% in Q2


The decline in housing sales has spread nationwide, with the number of deals falling in 28 states, including California, during the second quarter, according to a report today from the National Association of Realtors.

Debt Management Telemarketers Settle FTC Charges

A credit counseling service and related companies and individuals have agreed to pay $926,754 in consumer redress and civil penalties to settle Federal Trade Commission charges that they made false claims about their debt management program and violated the FTC’s Do Not Call Rule.

Washington Needs Focus To Lower Gasoline, Oil Prices;
NCPA Scholar Also Says Scapegoating Needs to End


With gasoline prices still hovering below the inflation-adjusted record high of $3.21 per gallon (1981), NCPA E-Team Adjunct Scholar Kenneth P. Green says Congress and the Bush Administration need to focus on market solutions in order to bring down oil and gasoline prices.

Media Bias Is Real, Finds UCLA Political Scientist

While the editorial page of The Wall Street Journal is conservative, the newspaper's news pages are liberal, even more liberal than The New York Times. The Drudge Report may have a right-wing reputation, but it leans left. Coverage by public television and radio is conservative compared to the rest of the mainstream media. Meanwhile, almost all major media outlets tilt to the left.

U.S. Oil Industry Made $100 billion in Windfall Profits;
Eliminating Refineries Paved Way for Gas Price Hikes


The latest consumer group study on skyrocketing gas prices shows the U.S. oil industry made $100 billion in windfall profits since the late 1990s, largely by eliminating refining capacity that paved the way to drive up prices at the pump.

Hispanics: An Untapped E-Commerce Opportunity

While marketers and retailers increasingly focus on the $690 billion Hispanic market, little attention has been given to this ethnic group’s presence on the Web. Whereas more marketers are diverting general market ad dollars to point-of-purchase destinations online, similar overtures have not been made in minority communities. This is especially the case with the Hispanic marketplace.

Credit-Debt-Consolidation-Help.com, a Forum for Debtors

Credit Debt Consolidation Help Announces releases credit-debt-consolidation-help.com, a website assisting debtors with their concerns. "Our website is designed to help debtor find answers to their questions in our forums," says Richard Victor, President of Credit Debt Consolidation Help.

How Not to Get Hooked by an Internet Scam

Internet scammers casting about for people’s financial information have a new way to lure unsuspecting victims: They go “phishing.” Phishing is a high-tech scam that uses spam or pop-up messages to deceive you into disclosing your credit card numbers, bank account information, Social Security number, passwords, or other sensitive information.

FTC: National Do Not Call Registry Accepts
Both Cell Phone and Home Phone Numbers


The Federal Trade Commission reminds consumers that the National Do Not Call Registry has accepted personal cell phone and home phone number registrations since it opened for consumer registrations in June 2003.

FTC Asks Court to Halt Illegal "Debt Collection"

In the face of more than 2,000 consumer complaints, the FTC has asked a U.S. District court to order a halt to the harassing, intimidating, deceptive, and illegal ‘debt collection’ practices of Capital Acquisitions & Management (CAMCO).

Consumers Do Not Need to Pay
for Information on Free Drugs


The Federal Trade Commission is urging consumers to be wary of e-mails from marketers offering information on free or low-cost prescription drug programs for a fee. A new consumer alert, “No Need to Pay for Information on Free (or Low-Cost) Rx Drugs,” cautions consumers that some marketers may be using spam e-mails to trick consumers into paying as much as $195 for information that is publicly available for free.

Consumers Report Strong Support
of Increased ID Theft Precautions


As the holiday shopping season shifts into high gear, most consumers report they take comfort with the extra screening measures being taken to verify their identity when making purchases.

"Freelance Contracts in 48 Hours,"
a New eBook by Paz Internet Media


Paz Internet Media Ltd. has announced the immediate release of the new e-book “Freelance Contracts in 48 Hours”, by Itay Paz. Within its pages, freelancers of all business types will be rewarded with the secrets that guarantee them the opportunity to generate contracts in 48 hours.

The California Department of Consumer Affairs
Brochure Gives Tools to Help Handle Telemarketers


SACRAMENTO – The California Department of Consumer Affairs (DCA) has created a free brochure that describes some of the current telemarketing scams and steps you can take to avoid them. “Basic Facts About Telemarketing” provides important tips when dealing with telemarketers, such as never giving out bank account information to anyone who calls.

Credit Repair: Self-Help May Be Best

You see the advertisements in newspapers, on TV, and on the Internet. You hear them on the radio. You get fliers in the mail. You may even get calls from telemarketers offering credit repair services.

Consumer Alert: Some ‘Get Out of
Debt’ Firms Sink Customers Deeper


The California Department of Consumer Affairs (DCA) is again warning consumers with debt worries to use caution when considering “Get Out of Debt” companies. Some “Get Out of Debt” companies face state and federal consumer fraud charges.

Americans Believe Insurance Fraud Occurs
Because People Think They Can Get Away With It


The majority of Americans say insurance fraud occurs because people believe they can get away with it, according to results of a survey released by Accenture.


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