Interspersed between the continuing Michael Jackson saga and the real life story of yet someone else who survived a plunge from an aircraft flying over the Amazon, CNN buries this story about seven more banks that failed just in one day, i.e., today, which is the same day that Obama comes out saying that everything [...]

I am 21 years old and i am trying to buy my first home. I keep hearing about the housing market in the news but i don’t understand much of the terminology. Is it a good time or a bad time to take out a mortgage? The reasons the housing market is in the news [...]

Crashing economy, sweetheart deals, $5 gas, and hedge fund insider dealing with Exxon Mobil and Chevron is soft played as well as the home mortgage meltdown. Polar bear stories top congress woman in calif. buying four houses and nothing about Countrywide being sued in four states for billions. Wow, just asleep at the wheel. yes [...]

NBC News said last night that debt should not exceed 38% of take home pay. Are property taxes and home insurance included as part of mortgage debt? When it comes to qualifying for a mortgage loan every lender WILL include the taxes, insurance and mortgage insurance (if any) in the debt to income ratio. These [...]