Bookmark

Add to MyYahoo RSS

Personal Finance News

News on Personal Finance continually updated from thousands of sources around the net.

2 hrs ago | SFGate

Congress approves inflation increase for veterans

Millions of veterans and their dependents will get a fresh cost-of-living increase for their disability benefits beginning in December, according to legislation that Congress sent President Barack Obama on Tuesday. The bill does not set the boost that veterans will receive but requires that it equal next year's inflation increase for Social Security recipients.

Comment?

Related Topix: US Politics, US News, Barack Obama, Social Security

5 hrs ago | Brandon Sun

Death certificate shows rapper Tim Dog was dead when a warrant was issued for his arrest

Rapper Tim Dog, who was accused of swindling women out of thousands of dollars, was dead when a warrant was issued for his arrest last year, according to a death certificate filed in Georgia. The rapper, whose real name was Timothy Blair, was best known for the 1990s song "F--- Compton" that criticized West Coast rappers.

Comment?

Related Topix: Online Dating, Dekalb County, GA, Social Security

6 hrs ago | Vallejo Times-Herald

How the Fed's guidance on rates has evolved

Every six weeks or so, after the Federal Reserve holds a policy meeting, it issues a statement containing guidance to the financial world on when it might raise interest rates. The language the Fed has used has steadily evolved since it cut its benchmark short-term rate to a record low in 2008.

Comment?

Related Topix: Financial Markets, Mortgage, Home

7 hrs ago | WRVA-AM Richmond

Virginia Suing Banks

Virginia Attorney General Mark Herring is suing 13 of the world's largest banks for $1.15 billion in damages related to the housing market crash. Herring said at a news conference Tuesday that the banks misled the Virginia Retirement System about the quality of certain loans while selling mortgage-backed securities.

Comment?

Related Topix: Mortgage, Home

11 hrs ago | The Wichita Eagle

Social Security resumes mailing benefit statements

The Social Security Administration has resumed mailing statements to workers letting them know the estimated benefits they will get when they retire, the agency announced Tuesday. Social Security began phasing out mailed statements to most workers in 2011 to save an estimated $70 million a year.

Comment?

Related Topix: Social Security

15 hrs ago | This is Local London

Property values in London are rising faster than the rest of the country

House prices have reached a new record high of A 272,000 on average after surging by 11.7% over the last year, according to an official report. Several UK regions saw property prices reach fresh all-time highs in the month of July, with the East Midlands, the West Midlands and the South West now joining London, the East and the South East in having price levels higher than their pre-financial crisis peaks of 2007/08, the Office for National Statistics said.

Comment?

Related Topix: Mortgage, Home

20 hrs ago | San Jose Mercury News

Brentwood man guilty of defrauding immigrant families in real estate scheme

A Brentwood man has been found guilty of defrauding more than 1,000 homeowners by promising to help them keep their homes after they fell behind on their mortgage payments, the U.S. Attorney's Office said Monday. Prosecutors say Alan Tikal, 46, ran a mortgage company called KATN that targeted immigrants who did not speak English, promising to reduce their outstanding debt in return for fees.

Comment?

Related Topix: Mortgage, Home, California, Science / Technology

Mon Sep 15, 2014

WTVY Dothan

Gov. Bentley Creates Small Business Commission

Alabama Gov. Robert Bentley is creating a commission to recommend ways the state can help small businesses get started and expand. Bentley signed an executive order Monday creating the Alabama Small Business Commission, and he appointed Rosemary Elebash to lead it.

Comment?

Related Topix: US Governors, Robert Bentley, Small Business, Alabama Government, Alabama

Cybercast News Service

Obama lends voice to DNC's first ads of 2014

President Barack Obama is lending his voice to national radio ads by the Democratic National Committee, seeking to motivate African-American, female and other voters who tend to sit out midterm elections. The first ads, aimed at African Americans, started running Monday and are part of a coast-to-coast buy worth more than $1 million.

Comment?

Related Topix: US Politics, US News, Barack Obama, African-American, Health Insurance, Health, Retirement

Inside Bay Area

Reverse mortgages showing signs of a rebound

Advertised as a path to an affordable retirement, federally insured reverse mortgages are showing signs of a rebound, drawing the scrutiny of regulators seeking to reduce historically high default rates that have cost the government billions. Industry analysts expect strong growth as the housing market improves, particularly in once hard-hit Sun Belt areas including Phoenix, Miami and San Diego, and aging Americans find value in growing old in their homes.

Comment?

Related Topix: Home, Mortgage, Industry, CA

The York Daily Record

Once-troubled reverse mortgages poised for rebound

Advertised as a path to an affordable retirement, federally insured reverse mortgages are showing signs of a rebound, drawing the scrutiny of regulators seeking to reduce historically high default rates that have cost the government billions. Industry analysts expect strong growth as the housing market improves, particularly in once hard-hit Sun Belt areas including Phoenix, Miami and San Diego, California, and aging Americans find value in growing old in their homes.

Comment?

Related Topix: Home, Mortgage, Social Security, Housing

KTVN Reno

Once-troubled reverse mortgages poised for rebound

11, 2014 photo, Myles Griffin, 74, poses for a photograph in front of his home in Philadelphia. . In this Thursday, Sept.

Comment?

Related Topix: Home, Mortgage, Social Security, Housing

KEPR CBS 19

Speculation swirls over Fed language on rate hike

When the Federal Reserve issues a policy statement after it meets this week, the financial world will be on high alert for two words: "Considerable time." The presence or absence of that phrase will trigger a rush to assess the likely timing of the Fed's first increase in interest rates since it cut them to record lows in 2008.

Comment?

Related Topix: Home, Mortgage, Financial Markets, Ben Bernanke

Redditch Advertiser

Tax expert to head up firm's private client department

David Gillies has taken on the role of private client director with responsibility for ten tax department staff at the firm's head office in Droitwich Spa. Mr Gillies has operated in the sector for more than 25 years.

Comment?

Related Topix: Estate Planning

The Review

30-year fixed mortgage rates rise above 4 percent

Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgages at 4.05 percent, up from 3.96 percent at this same time last week. The 30-year fixed mortgage rate gradually increased last week, peaking at 4.19 percent on Saturday before coming down to the current rate.

Comment?

Related Topix: Mortgage, Home

WNED

When Consumer Debts Go Unpaid, Paychecks Can Take A Big Hit

Kevin Evans relaxes in his small apartment after arriving home from work. Evans, who lost income and his home in the recession, is now having his wages garnished after falling behind on his credit card payments.

Comment?

Related Topix: Credit Card Debt

Reuters

Wells Fargo finds mortgage myths hamper home purchases

Getting a mortgage in the United States may be easier than many borrowers think, according to a survey released Monday by Wells Fargo & Co ( Nearly two-thirds of respondents thought that a very good credit score was necessary to buy a home, and more than 40 percent thought they needed a down payment equal to at least 20 percent of the purchase price to buy a home. Under government-backed programs, first-time home buyers with subprime credit scores can get a mortgage insured by the Federal Housing Administration, and they can put down as little as 3.5 percent of the purchase price.

Comment?

Related Topix: Home, Mortgage, Wells Fargo , Banking, Financial Services, Home Buying

The Pleasantville Daily Voice

Learn About Elder Planning At Three-Part Lecture Series By NWH

Northern Westchester Hospital and SeniorBridge invites the senior community to a free three-part lecture series regarding elder asset planning at Northern Westchester Hospital's Chappaqua Crossing site. The first lecture will focus on Top 10 Estate Planning Mistakes and it will be held on Thursday, Sept.

Comment?

Related Topix: Chappaqua, NY, Estate Planning, Events

Sun Sep 14, 2014

SFGate

Real Estate Investing for Retirement Account Holders Now Explained in New Audio Guide Online

A real estate investing program for retirement account holders is now in effect through the JWB company online at http://jwbrealestatecapital.com . Men and women who have set up retirement accounts in hopes of building future wealth can now use these accounts to purchase real estate.

Comment?

Related Topix: Retirement, 401K, Business News

The Age

Australia's house prices second-highest in world: BIS

According to the BIS's latest quarterly review of global housing, Australia was the second most expensive market. Photo: Erin Jonasson Australian house prices are among the world's most expensive when measured against incomes and rents, according to the Bank for International Settlements, but it also finds real price growth in the country has been flat once adjusted for long-term trends.

Comment?

Related Topix: Home, Mortgage

•••
•••
•••
•••
•••
•••
•••