In the aftermath of the 2008 recession, mortgage debt affected millions of Americans, many of whom faced foreclosure. As the foreclosure crisis impacted the real estate industry, the overall economy struggled as well. To help homeowners struggling with mortgage debt, especially those who faced foreclosure, the federal government decided to appropriate funds to help alleviate  … Read more

Just over a week ago, powerful storm systems ripped through the Great Plains, producing the mega tornado that ravaged Moore, OK. The damage done by the Oklahoma tornado is equal to 96 percent of Manhattan’s landmass. Winds shrieked over 200 miles per hour, considerably stronger than Hurricane Katrina and any other storm in recent history.  … Read more

When we think of IRS tax debt problems, it’s easy to imagine everyday Americans struggling with back taxes. However, even high profile people such as celebrities don’t have the best money management practices and can get in trouble with the government. Snoop Lion – formerly known as Snoop Dogg – recently settled his IRS debt.  … Read more

National foreclosure trackers report that foreclosure activity across the United States has hit a 6-year low, dropping 23 percent from this point last year alone. While the general trend is downwards, certain states are still seeing agitated foreclosure activity. States such as Florida and New Jersey have witnessed foreclosure increases by 55 and 91 percent  … Read more

Wells Fargo and Bank of America have both been accused of breaking their refinancing terms as prescribed by last year’s mortgage settlement. Under the terms of last year’s national settlement, banks have 30 days to respond to all mortgage modification requests. By delaying their responses, Attorney General Eric Schneiderman says the banks are pushing homeowners  … Read more

Pinnacle Foods is proud to announce that they have officially completed their refinancing plans as previously stated. By reorganizing their debt, Pinnacle Foods will benefit from lower interest rates and be able to advance its debt maturity profile. The announcement comes after the initial public offering for Pinnacle Foods was a huge financial success. Pinnacle  … Read more

With the bombs at the Boston marathon and the fertilizer plant explosion in Texas, many Americans are asking what they can do to help. It’s this resilience of the American spirit that encourages people to donate to charities to help out even if they’re across the country. However, the IRS has issued a new warning  … Read more

J.C. Penney’s recent financial struggles have caused market shares to drop. Throughout 2012, sales for J.C. Penney dropped approximately 31 percent throughout the United States in their stores, and online sales weren’t any better. Despite revamped marketing campaigns, the clothing brand has been unable to stop the loss of sales and revenue. In fact, J.C. Penney even  … Read more

Three men were arrested in Lyndhurst, New Jersey, for their alleged mortgage fraud scheme. Adam Cueva, Adan L. Cueva, and Angel C. Cueva-Castro are all accused of trying to defraud homeowners. For months, their Time Consulting & Associates firm has been collecting mortgage payments from homeowners for months. How the Mortgage Fraud Happened The accused  … Read more

The latest American Bankers Association report shows that the financial health of the nation is improving, as credit card delinquencies reach a two-decade low. Credit card delinquencies are defined as accounts that are 30 days or more overdue on their payments. In 2009 after the financial crisis, credit card delinquencies set a record high of  … Read more