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Money Panel: Home loan better than 403b variety (The Salinas Californian) QUESTION: In October 2007 I took out a loan from my 403b for $50,000 at 9.25 percent interest. The repayment is through payroll deduction at $462 every two weeks for five years. The loan payments are repaying my 403b plan, including interest, with after-tax dollars. But I understood the repayment would come from pre-tax dollars, because the payments go back into my 403b account. In fact, the ... us.rd.yahoo.com
How to find a planner (Courier-Post) A really talented financial adviser is an incredible asset, but a bad or even mediocre planner is going to create a mess for you and put your financial security at risk. us.rd.yahoo.com
Feds take control of Fannie Mae, Freddie Mac (San Francisco Chronicle) The federal government took control of Fannie Mae and Freddie Mac on Sunday in a bid to keep the two mortgage giants from failing, catastrophes that would have made home loans harder to get and taken the nation's housing collapse to a new level of crisis. The... us.rd.yahoo.com
Suze Orman: How to find a financial planner (Post-Bulletin) ly talented financial adviser is an incredible asset, but a bad or even mediocre planner is going to create a mess for you and put your financial security at risk. Here are some important "first impressions" to look for us.rd.yahoo.com
Mortgage sites may conjure quotes, play up privacy fear (The Oklahoman) LOS ANGELES — Mortgage lenders have raised the bar on what it takes to qualify for a home loan the past couple of years, but shopping for a loan online has actually gotten a bit easier, if not necessarily less confusing. Where mortgage-scouting Web sites traditionally required users to enter a swath of personal information to generate rate estimates, the newest sites offer users a way to ... us.rd.yahoo.com
Some struggling homeowners find way to dodge foreclosure (USA Today) Though the number of homeowners facing or going through foreclosure has surged filings rose 55% from July 2007 to July this year thousands of other homeowners on the verge of losing their homes are finding last-minute ways to ward off foreclosure. These tales have become the little-known success stories of the worst housing slump in decades. For a smattering of today's distressed homeowners, ... us.rd.yahoo.com
Thoughts on the Continuing Crisis (GoldSeek.com) We are entering the next stage of the credit crisis, and one which is potentially more troubling than what we have seen over the past year, absent some policy reactions by the central banks and governments world wide. us.rd.yahoo.com
Area foreclosures drop Local figures run counter to worsening national problem (Erie Times-News) There's growing evidence that the nation's foreclosure problems are bad and getting worse. There's also evidence, however, that the pace at which homes are being lost has slowed in this corner of western Pennsylvania. us.rd.yahoo.com
State foreclosures hit 5-year high (Anchorage Daily News) Foreclosures on Alaska single-family houses have hit their highest level in at least five years, according to a recent state report. us.rd.yahoo.com
State budget standoff harms California's most vulnerable residents (San Jose Mercury News) Lottery winners are still cashing in and judges haven't missed a payday, but California's record-breaking failure to pass a state budget is now hitting thousands of others hard. Vote: Is California's state budget impasse affecting you directly? us.rd.yahoo.com
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