A new report from Accenture finds that the young, tech-savvy millennials have grown more inclined to trust internet and retail brands with their money than traditional banks, including Google, Apple and Paypal. Many people between the ages of 18 and 34 prefer doing their banking completely...
History has indicated that it’s virtually impossible to get a mortgage after a bankruptcy. It is a whole new housing market today and, while it’s not a cakewalk, it’s definitely possible. How do you qualify for a home loan after going through a bankruptcy? Zip...
The recent Gallup's annual Economy and Personal Finance survey conducted revealed that the average nonretired American now expects to retire at age 67, up from age 63 a decade ago and age 60 in the mid-1990s. Today's younger nonretirees are more optimistic about being able to...
Getting a mortgage just keeps getting tougher and it seems as if many homebuyers are getting rejected for loans they could easily afford. What’s the issue? Tighter standards from Fannie Mae and Freddie Mac. Without the Fannie and Freddie guarantee, banks are reluctant to make loans. In 2009,...
According to the NAHB, Congress and the Administration continue to debate potential reforms of the housing finance companies Fannie Mae and Freddie Mac. But will these new policies further destabilize the struggling housing market? The NAHB believes the proposed rules contain a harshly narrow definition of...