Rate of Home Price Declines Slows, But More Drops May Be Ahead (U.S. News & World Report)

On 02.24.10, In Personal Finance, By Your Mortgage Planner - Million DollarBill

U.S. News & World Report – The real estate market continued to heal in the final three months of 2009, as lower home prices, cheap mortgage rates, and a federal tax credit worked to juice demand. The development was visible in the S&P/Case-Shiller home price report released Tuesday, which found that the rate of annual home price declines improved again in the fourth quarter. Prices at the national level fell just 2.5 percent in the fourth quarter of 2009, compared with a year earlier. …

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Bigger Tuition Bills and Student Loans Coming in 2011 (U.S. News & World Report)

On 02.18.10, In Personal Finance, By Your Mortgage Planner - Million DollarBill

U.S. News & World Report – Some of the nation’s wealthiest and most generous colleges are asking their students to earn and borrow more to pay for college.

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Forget the Mortgage, I’m Paying My Credit Card Bill (U.S. News & World Report)

On 02.08.10, In Personal Finance, By Your Mortgage Planner - Million DollarBill

U.S. News & World Report – Amid high unemployment and sliding home prices, a growing number of struggling consumers are doing what was once considered unthinkable: paying their credit card bills instead of their mortgages. A recent study developed by TransUnion found the percentage of Americans who were current on their credit cards but behind on their mortgage increased to 6.6 percent in the third quarter of 2009, up from 4.3 percent in the first quarter of 2008. Meanwhile, the share of consumers making mortgage payments on time but behind on their credit cards moved in the opposite direction, sliding from 4. …

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Forget the Mortgage, I’m Paying My Credit Card Bill (U.S. News & World Report)

On 02.08.10, In Personal Finance, By Your Mortgage Planner - Million DollarBill

U.S. News & World Report – Amid high unemployment and sliding home prices, a growing number of struggling consumers are doing what was once considered unthinkable: paying their credit card bills instead of their mortgages. A recent study developed by TransUnion found the percentage of Americans who were current on their credit cards but behind on their mortgage increased to 6.6 percent in the third quarter of 2009, up from 4.3 percent in the first quarter of 2008. Meanwhile, the share of consumers making mortgage payments on time but behind on their credit cards moved in the opposite direction, sliding from 4. …

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Smart Choices, Dumb Moves (BusinessWeek)

On 02.05.10, In Personal Finance, By Your Mortgage Planner - Million DollarBill

BusinessWeek – Financial planners can advise, books can inform, worksheets can approximate. But they’ll never replace the advice you can get from folks who have ventured before you into that great unknown: retirement. To help you avoid dead ends and pitfalls, we asked retirees to look back over their time outside the working world and talk about their smartest financial moves, biggest surprises, and worst mistakes.

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Mortgage investors try to regroup after meltdown (AP)

On 02.04.10, In Personal Finance, By Your Mortgage Planner - Million DollarBill

AP – The financial wizards who concocted the complicated mortgage-linked investments that nearly brought down the world economy are trying to come back from the dead.

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New Rules for a Darwinian Economy (U.S. News & World Report)

On 01.19.10, In Personal Finance, By Your Mortgage Planner - Million DollarBill

U.S. News & World Report – Scott Cohen spent 28 profitable years in the mortgage business, eventually starting his own firm just as the Southern California housing bubble was beginning to inflate in 2001. By 2007, the small company employed 15 people and provided enough income for Cohen, his wife, Merced, and their two kids to enjoy an affluent life in a tony Los Angeles suburb. But when the housing bubble burst, Cohen sold his business at a fire-sale price and watched in panic as the only industry he had ever worked in collapsed. His wife worked at the firm, too, and her job disappeared. …

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Let’s Hope These 4 Things Don’t Happen (U.S. News & World Report)

On 01.13.10, In Personal Finance, By Your Mortgage Planner - Million DollarBill

U.S. News & World Report – In the cast of corporate characters, Fannie Mae and Freddie Mac are A-list villains, thanks to the central role they played in the 2008 financial meltdown. The two mortgage-finance firms failed as spectacularly as AIG, the poster child for finance-gone-wrong, with the combined Fannie-Freddie rescue totaling about $111 billion so far–the biggest bailout of all. Both firms are effectively nationalized, and the government would probably wind them down except for one thing: They underwrite about three quarters of all the mortgages issued in the United States.

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Beyond Gold: New Ways to Invest in Precious Metals (U.S. News & World Report)

On 01.13.10, In Personal Finance, By Your Mortgage Planner - Million DollarBill

U.S. News & World Report – Gold. Glenn Beck has sworn by it. So has radio personality Dennis Miller. Even Fred Thompson, in a way that only a U.S. senator turned Law & Order district attorney could, has stepped up to bat for it. And if you’re an investor, chances are somebody you know has told you recently to buy it.

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10 Cheap Ways to Boost Your Home’s Sales Price by Spring (U.S. News & World Report)

On 01.12.10, In Personal Finance, By Your Mortgage Planner - Million DollarBill

U.S. News & World Report – As the temperature drops and the snow piles up, it’s easy to forget that spring is quickly approaching. And after more than three years of a painful housing swoon, real estate experts predict that lower prices, attractive mortgage rates, and a tax perk from Uncle Sam will create the most vibrant spring home selling season in some time. “This is going to be probably the most pleasant experience for a home seller in the last four or five years,” says Mike Larson of Weiss Research. “If you have been beating your head against a wall, this is going to feel a lot better. …

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