It’s been about two weeks since the Obama administration floated the idea of a massive mortgage refinance, and there seems to be little consensus on whether the plan would provide a boost to either the economy or the housing market.
The plan is to allow the millions of homeowners who have government owned mortgages to refinance those …
The heirs of wealthy Baby Boomers shouldn’t be assuming that they’ll be inheriting a pot of gold when their parents pass away. Less than half of millionaires who are members of the famously selfish generation—boomers, not their …
A toxic jobs report, a federal lawsuit against banks, Euro-debt troubles and a run to safety are all threatening stocks today — and likely for the rest of the week, too.
Europeans back from summer vacation this week may be wishing they’d stayed on the beach. Stock markets in Germany, Italy, and France all dropped about 5% Monday, after the so-called “troika” of European institutions (the International Monetary Fund, the European Union, and the European Central Bank) butted heads with the Greek government …
While buyers take the bulk of the heat for ballooning up home prices at the peak of the market, homeowners were not entirely innocent, either. During the sub-prime era, the owner/seller-side bad behavior included fatal missteps …
Americans just aren’t flocking to the movies like they used to. During the period from Memorial Day weekend through Labor Day of 2011, theaters were projected to have sold 543 million movie tickets, the smallest figure since the …
Dear TIME Moneyland,
I’ve always had a passion for animals. My first job was working at a local holistic pet food center, and I loved it. In college, I studied equine science because I thought I wanted to be a trainer. But I …
Sometimes it pays to state the obvious: higher yield means higher risk. Here are some alternatives for income-starved retirees.
A recent chart in American Banker magazine highlighted that free checking at larger banks is getting scarcer. As recently as 2009, 96 percent of banks with more than $50 billion in assets offered free checking; now, that number …
Greek tragedy strikes again. European and Greek leaders are at each other’s throats about Greece being on the dole. Again. And that’s got investors all in a tizzy about holding onto Greek debt. Again. So where does this leave the ominous eurozone crisis, which appears to have no end?
Here’s the gist of the problem. The “troika” in …
On a day when the U.S. Labor Department says that the economy created zero jobs in the month of August, fresh data from the Federal Reserve suggests that one key component of U.S. gross domestic product growth — the vaunted …
UPDATE: 9/2/11, 10:15 PM
Remember the financial crisis. It’s back, sort of. This time the worry about the banks is being created not directly from bad loans, but from lawsuits that are now coming out of those now sour deals. And it appears a new round, and perhaps the biggest so far, could be coming came at the banks as soon as next …
