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The financial overhaul bill awaiting final action in the Senate includes a new regulator whose aim is to make sure mortgages, credit cards and other products from big banks don’t abuse or confuse you.

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Random Feed wrote an interesting post today on
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Mortgage firms and real estate attorneys scrambling to beat the June 30 closing deadline for homebuyers to qualify for a federal tax credit now have three more months to get it done. The Senate amended a bill Wednesday that extends the closing deadline until September 30 to give lenders some breathing room. Nevada Sen. Harry Reid, who [...]

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Random Feed wrote an interesting post today on
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RISMEDIA, October 22, 2009—Consumers are just starting to see the first glimmers of a bright future for the housing market and the overall economy. It’s up to Congress to make that glimmer a reality by building on the momentum created by the $8,000 home buyer tax credit. One of the key ways to do that is for Congress to extend the home buyer tax credit, said National Association of Realtors® First Vice President Ron Phipps to the Senate Banking, Housing and Urban Affairs Committee during a h

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It’s Friday desk clearing time for this blogger. “Not even Supreme Court justices are immune from the economy. Justice Sonia Sotomayor plans to keep her apartment in New York for the time being. Sotomayor’s condominium in the Greenwich Village neighborhood of Manhattan was worth about $1 million, according to the financial disclosure she gave the Senate in May. She owed about $380,000 on a mortgage. It’s hard to say what she could get for the apartment at the moment.” “‘Right now I — like ma

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by Ellen Brown“Doesn’t this seem like lunacy to you? The consequences of it are unbelievably bad in terms of public intrusion into the private sector. Is anybody thinking there? It’s too late, it’s not going to make any difference, and it’s aggravating as hell when there’s a better idea and you can’t even get it in play.” Former Treasury Secretary John O’Neill in an October 1 interview with Bloomberg on the bank bailout plan The bank bailout bill that just passed the Senate and is being deli

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