RSS FeedFinance in the News: Freddie Mac
Freddie Mac is the nickname given to the Federal Home Loan Mortgage Company (FHLMC). Created in 1970, Freddie Mac was a government sponsored enterprise (GSE) authorized to make loans and loan guarantees by the United States federal government. Prior to 1968, the secondary mortgage market in the US had been monopolized by the Federal National [...]
Finance in the News: Fannie Mae
Fannie Mae is the nickname given to the Federal National Mortgage Association (FNMA). As a US publically traded government sponsored enterprise (GSE), Fannie Mae was a stockholder owned corporation that was authorized to make loans and loan guarantees. Founded as a government agency in 1938 as part of Roosevelt’s New Deal, Fannie Mae provided liquidity [...]
United States Bank Failures: Is My Money Safe?
With the economic crisis the United States is experiencing right now, and the growing number of bank failures and seizures because of it, you are likely concerned about your money – and rightly so. The average consumer, however, does not need to worry yet about losing what’s in their checking account. Shareholders and bondholders may [...]
Finance in the News: Financial Failures of September, 2008
The month of September 2008 has seen dramatic and sometimes shocking upheavals in the United States economy that have had profound effects on the economies of other countries across the world. These upheavals include the failure of the United States’ largest savings bank and the federal bailout of a major American insurance corporation. What follows [...]
Keep More Money in Your Pocket
Money is a great thing and even better when it stays in our pocket. Keeping your finances under control isn’t easy especially with the economy the way it is currently. A few back to the basics ideas can really help with putting some money back into our financial pockets. The two largest variable expenses are [...]
Managing Your Child’s College Finances
None of us want to see our child, or ourselves, accumulate mounds of debt from college. At the same time we want our children (or grandchildren) to obtain the best education, and have a positive college experience. Do not make the mistake of risking your financial stability for education when you don’t have to. Don’t [...]
Understanding a Money Market Account
Money market accounts and money market funds are not the same thing. To understand the difference between both of them, it is best to start at understanding “money market”. Money Market is basically a generic term used to describe the market that banks and other financial establishments lend, borrow and trade money, Certificates of Deposit [...]
Get Into Good Debt
The idea of “good debt” may sound like an oxymoron to most people. After all, being in debt is a bad thing, isn’t it? It means you owe money to someone, which brings things like interest rates and minimum payments and other scary stuff along with it. But contrary to popular belief, having some debt [...]
How to Eat Well on a Shoestring Budget
With the prices of everything going up, it has become harder to pay bills, and still be able to afford to put food on the table for your family. It’s too easy to run out for fast food every time you have money available. When that happens, there is usually a bill somewhere that doesn’t [...]