Archive for 'News from Finance'

Are you thinking about buying a home in the next 6 months?  If so, you’re among an elite group of people who managed to resist the lure of first time home buyer’s tax credits the Obama administration briefly launched during its first crashed wave of economic stimulus spending — which means that a) you probably didn’t get trapped in a house with a mortgage you couldn’t really afford, and b) you now have a buyer’s market and many great deals and mortgage ...

This infographic gives an excellent overview of the mortgage crisis in the United States of America.  It shows you the subprime mortgages in 2007, which is now 4 years ago.  These were the criminally negligent acts that contributed to the financial downfall of the US, and ultimately its decreased credit rating by Standard and Poor’s last week. The United States is now facing serious trouble worldwide due to the downgrade from a AAA rating to a AA+ by the ...