Archive for February, 2009
Homeowner Affordability and Stability Plan
Posted by: | Comments
I received this today as an email from the California Assn of Realtors:
Earlier today, President Obama unveiled the Homeowner Affordability and Stability Plan, which will offer assistance to as many as 9 million homeowners, while attempting to prevent the destructive impact of foreclosures on families and communities.
The plan contains three main components, and only applies to primary residences. The loans referenced in the plan cannot exceed Freddie Mac/Fannie Mae conforming loan limits. I’ve outlined the plan in greater detail below.
For a free Homeowner’s Guide detailing the plan, Making Home Affordable, click here.
Did Your Credit Card Turn Into A Collection Account?
Posted by: | CommentsCredit card companies are also experiencing major losses in our current 
economic environment. In light of this, they are also tightening up their guidelines and becoming pickier on who they send “Pre-Approved Offers of Credit”.
They are also watching your accounts like a hawk. Not only accounts you have with them, but accounts you have with other credit card companies as well.
Your credit is being watched by all your credit card issuers more frequently than ever before. If you happen to become past due on any credit card you hold, then beware….you may be in danger of having your credit limit decreased or even frozen.
