A recent “report card” from the Center for Financial Literacy at Champlain College in Vermont shows there has been a significant increase in the number of states requiring students to take personal finance courses before graduation. Seven states received an “A”. Four states received an “F” including ... » Learn More about California Gets an “F” in Financial Literacy Education per 2023 National Report Card on Financial Literacy in High Schools
Mortgage Regulations
Questions For Homeowner’s Associations, and Information You Need To Know Before Buying
Understanding elements when buying, or owning a property under the jurisdiction of a Homeowner's Association (HOA) is critical. This is way more than "How much are the HOA dues?" It can affect quality of lifestyle, or the economic viability of the unit. I always tell buyers when you own a ... » Learn More about Questions For Homeowner’s Associations, and Information You Need To Know Before Buying
How Some Banks Fail, and Some Grow
Click to enlarge There have always been bank failures. Some are poorly managed, some too heavily exposed to a volatile commodity, and some are just nailed by the economy with inadequate reserves to weather the storm. There are still 4,000+ commercial banks in the United States, but this ... » Learn More about How Some Banks Fail, and Some Grow
Mortgage Rates and Bank Issues- How They Correlate
Many times history repeats, with a twist. In 2008 the “Residential” Mortgage Backed Securities (MBS) put pressure on the financial system because the credit quality of the mortgages was poor. Subsequently, underwriting guidelines tighten, and the quality of the present loans is ... » Learn More about Mortgage Rates and Bank Issues- How They Correlate
Federal Reserve Acknowledges Inflation and Rates to Go Up Sooner Than Originally Planned
Click to enlarge The recent Federal Reserve statements convey that the high inflation being realized presently may more lasting, and not be as transitory as originally predicted. Now they’re expecting to raise rates sooner than previously perceived. There’s a lot of Fed banter now about starting ... » Learn More about Federal Reserve Acknowledges Inflation and Rates to Go Up Sooner Than Originally Planned