Loans USA News

Homes with serious negative equity in the US fall to new low
August 1, 2014

Some 17% of US homes were seriously underwater in the second quarter of 2014, down from 26% a year ago, according to the latest figures from housing data firm RealtyTrac. It means that 9.1 million residential properties were seriously underwater where the combined loan amount secured by the property is at least 25% higher than […] read more

Category: Economic

7 Habits to Help You Reach Financial Independence
July 11, 2014

How to manage your career and investments so that you never have to work again. When your assets generate enough income to cover your expenses you have achieved financial independence. Financial independence typically means having enough income to pay your living expenses for the rest of your life without having to work full time. Some […] read more

Category: Money Management

Wells Fargo Requires Principal Payments on Home-Equity Loans
June 10, 2014

Wells Fargo & Co., the biggest U.S. residential lender, has stopped offering most customers the interest-only version of its home-equity line of credit. New borrowers must repay some principal along with the periodic interest instead of waiting until future years, Tom Goyda, a Wells Fargo spokesman, said today in a telephone interview. Customers of the […] read more

Category: Bank Services

Small Business Optimism Hit Post-Recession High in April
May 16, 2014

WASHINGTON, D.C. (MAY 14, 2014) BY MICHAEL COHN, EDITOR-IN-CHIEF, ACCOUNTINGTODAY.COM The National Federation of Independent Business reported that its Small Business Optimism Index rose 1.8 points in April to a post-recession high of 95.2, crossing the 95 marker for the first time since 2007.  Bill Dunkelberg However, the NFIB cautioned that while seven of the components […] read more

Category: Economic

Is the cure for too much paperwork more paperwork?
May 14, 2014

Regulators issue lengthy plan to simplify mortgage closings By Daniel Goldstein  The U.S. government says it has found the solution to cut down on mortgage paperwork — and they squeezed the whole thing into a 69-page report. The Consumer Financial Protection Bureau needed a weighty tome of a report today to outline its plan for streamlining and shortening […] read more

Category: Economic, Great Financial Crash