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Bank of America to resume some foreclosures

By doris | Published: October 19, 2010

Full Story at msnbc.msn.com WASHINGTON — The pace of U.S. home foreclosures may not slow much after all. Bank of America said Monday that it plans to resume seizing more than 100,000 homes in 23 states next week. It said it has a legal right to foreclose despite accusations that documents used in the process [...]

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Boomerang kids: 85% of college grads move homeollege grads move home

By doris | Published: October 14, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — Getting a degree used to be a stepping stone to limitless career opportunities. Now it’s more of a hiatus from living under your parents’ roof. Stubbornly high unemployment — nearly 15% for those ages 20-24 — has made finding a job nearly impossible. And without a job, [...]

Also posted in College, Economy, Education, Employment, Failing, Jobs, Limits, Reccession, School, Unemployment | Leave a comment

Homeowners may gain ground in foreclosures

By doris | Published: October 11, 2010

Full Story at msnbc.msn.com SAN FRANCISCO — Feeling the weight of mortgages on two properties and several thousand dollars of credit card debt, Jason and Kristin Koontz filed for bankruptcy last year. The couple surrendered one property to foreclosure but say they were still making payments for their house in Mishawaka, Ind. EverHome Mortgage Co. [...]

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Find your missing money — cheaply and easily

By doris | Published: October 5, 2010

Full Story at It has a whiff of buried treasure about it: Somewhere out there are billions of dollars in unclaimed funds just waiting to be unearthed. And part of that money might be yours. State treasuries and other agencies are holding some $32.8 billion in unclaimed assets, including bank accounts, pensions, savings bonds, CDs, [...]

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Retail sales up modestly, boosted by gas prices

By doris | Published: August 15, 2010

Full Story at msnbc.com WASHINGTON — Retail sales grew in July for the first time in three months but largely due to a rise in gasoline prices, the government said Friday in a series of reports that added up to a picture of sluggish economic growth. Sales rose 0.4 percent last month and sales excluding [...]

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Don’t blame the consumer

By doris | Published: August 13, 2010

Full Story at money.cnn.com FORTUNE — Consumers drive more than two-thirds of the nation’s economy, and with growth hard to spot these days, it’s easy to place the blame on stingy spenders. But that’s a mistake. Personal spending, in fact, has kept pace with the economy, accounting for a steady 70% of GDP before the [...]

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$3 billion more for jobless homeowners

By doris | Published: August 12, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — The Obama administration is making $3 billion in additional funds available to help troubled homeowners avoid foreclosure. One part of the plan, announced Wednesday, includes a new $1 billion program that will offer loans to unemployed borrowers at risk of losing their homes. The loans, which will [...]

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Condos for less than the cost of a Corolla

By doris | Published: August 3, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — The housing bust has made owning a home a lot more affordable — but in some places, prices are extraordinary; you can buy a nice condo for less than the cost of a new family car. Some cities have dozens of attractive condominium listings selling for $50,000 [...]

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Bankruptcy can save your house from foreclosure

By doris | Published: July 26, 2010

Full Story at money.cnn.coom NEW YORK (CNNMoney.com) — Slick TV commercials and online ads tell delinquent borrowers that they can save their homes by filing for personal bankruptcy. But is it true — or just too good to be true?Bankruptcy can bring foreclosure proceedings to a halt, end harassment from debt collectors, and give borrowers [...]

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Travel surge expected for July 4 weekend

By doris | Published: July 3, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — A surge in Fourth of July travel is expected this weekend compared to last year’s slump, driven by signs of life in the economy, according to the motorist group AAA. But the impact of the Gulf oil spill on coastal tourism in the region is unclear. AAA [...]

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Solar power done cheap

By doris | Published: June 29, 2010

Full Story at money.cnn.com LOS ANGELES (CNNMoney.com ) — In a construction van winding through Los Angeles’ crowded streets one hot spring morning, 25-year old Tim Morris laid bare his contribution to changing America’s dirty, fossil fuel-based economy. “I’d like to see America and the world become sustainable,” said Morris, a transplant from Flint, Mich., [...]

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As housing plummets, Fed holds rates down

By doris | Published: June 24, 2010

Full Story at msnbc.com WASHINGTON – Americans showed far less appetite to buy new homes last month after the government stopped offering a homebuyer tax credit. The news signaled a renewed housing slump that threatens the broader economy. Sales of new homes fell in May to their lowest level on record, plunging 33 percent from [...]

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Millions of jobs lost, many may never return

By doris | Published: May 16, 2010

Full Story at msnbc.com WASHINGTON – Fewer construction workers will be needed. Don’t expect as many interior designers or advertising copywriters, either. Retailers will get by with leaner staffs. The economy is strengthening. But millions of jobs lost in the recession could be gone for good. And unlike in past recessions, jobs in the beleaguered [...]

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One in eight to cut cable and satellite TV in 2010

By doris | Published: May 2, 2010

Full Story atmoney.cnn.com NEW YORK (CNNMoney.com) — Despite rising cable and satellite TV prices and easy access to streaming TV and movies on the Internet, few consumers have cut the cord. But that looks like it’s about to change. One in eight consumers will eliminate or scale back their cable, satellite or other pay-TV service [...]

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