Millions of people around the world have felt the pinch of the economic downturn. As unemployment rises, more and more people find themselves without a job. Many of those people find also their financial health quickly deteriorating.
This economic cycle has played out many times throughout our history. Unfortunately, the economy often improves faster than the [...]

Business week has an interesting article about FHA loans, which they refer to as “the new subprime.” These Federal Housing Authority-backed loans are designed to encourage homeownership by helping people with modest means qualify for a loan.
Washington, in the midst of the mortgage meltdown, has loosened requirements for such loans and it’s Businessweek’s contention that [...]