President Obama Unveils $75 Million Plan to Aid Homeowners
President Barack Obama just introduced a $75 million foreclosure-fix plan that his administration claims will aid up to nine million homeowners. Here is an overview of the plan through Q&A from the White House Blog. It can also be found in the Treasury's FAQ. Questions are in bold.
Treasury Department's Questions and Answers for Borrowers about the Homeowner Affordability and Stability PlanBorrowers Who Are Current on Their Mortgage Read more
Million Dollar Home Sales Plummet in California
Million-dollar home sales in the Golden State slipped to their lowest level in five years, according to real estate information provider DataQuick.
A total of 24,436 homes sold for a million dollars or more in California last year, a 42.5 percent decline from the 42,506 sold in 2007.
It’s the lowest total since 2003 when 20,595 million-dollar homes were sold, and less than half the 50,010 sold in 2006 Read more
27 million ‘could pay less for loans’
Millions of British borrowers with personal loans and credit cards could save money just by asking their lender for a lower interest rate, it has been claimed.
Fool.co.uk says that up to 27 million loan and credit card customers are missing out on potential savings because they think the rates they are offered are ‘set in stone’.
However, one in ten loan and credit card customers have successfully negotiated a lower Read more