The $700 Billion Bailout Plan: Part Deux
The government’s rejection of the $700 billion bailout plan came as a shock on Monday, causing the Dow Jones to plunge in the single largest loss in its history. The Senate is set to vote tonight on a revised rescue plan, which includes increasing FDIC insurance...The $700 Billion Bailout Plan: Who, What, When, Where, Why
Fed Chairman Ben Bernanke and Treasury Secretary Henry Paulson are set to testify to the federal government for their $700 billion bailout plan. They’re trying to sell the plan and get it approved so that our federal government will BUY all the bad loans that...Certain CalHFA First Time Homebuyer Programs Suspended
This is unfortunate news that came quickly and unexpectedly. CalHFA is a state-specific governmental agency that helps first time homebuyers get into their first home via down payment assistance programs and other solutions. CalHFA has been instrumental in helping...Credit Reporting 101
In this credit crunch, lending is becoming much more credit-driven and minimum required credit scores of 680+ or 700+ are the norm. Your goal should be to get in the 700 range, but the higher the better. (Credit scores range from 350-850, 850 being the highest one can...Loan Calculator
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