This blog is devoted to articles related to finance, borrowing, real estate, economics and the credit union/banking industry.

Friday, July 29, 2005

Credit card issuers boost interest rates, late fees

http://www.usatoday.com/money/industries/banking/2005-07-28-card-usat_x.htm

Thursday, July 28, 2005

In come the waves

http://www.economist.com/opinion/displaystory.cfm?story_id=4079027

Doomsday: The Final Months of the “Housing Bubble”

http://www.dissidentvoice.org/July05/Whitney0727.htm

Wednesday, July 27, 2005

Your Score Adds up to Big Bucks

http://www.wibw.com/home/headlines/1737992.html

Mortgage lenders loosen standards despite risks

http://www.post-gazette.com/pg/05207/543931.stm

Why I Care About the Housing Bubble

http://www.tpmcafe.com/story/2005/7/26/115453/009

June new-home sales climb to record

http://www.usatoday.com/money/economy/housing/2005-07-27-june-new-homes-results_x.htm

Tuesday, July 26, 2005

Bank fees can be costly

http://www.floridatoday.com/apps/pbcs.dll/article?AID=/20050725/BUSINESS/507250320/1003

74 percent of California households cannot afford the housing price median

http://www.lodinews.com/articles/2005/07/25/news/1_housing_050725.txt

Monday, July 25, 2005

Where Could Housing Bubble Burst?

http://www.cbsnews.com/stories/2005/07/22/earlyshow/living/money/main710848.shtml

The Prick That Bursts The Housing Bubble

http://www.forbes.com/newsletter/2005/07/21/lennar-hovnanian-kb-cz_ags_0721soapbox_inl.html

Credit Unions - The Best Bet for HELOCs?

http://www.sagetips.com/heloc-blog/?p=2

Monday, July 18, 2005

Bloggers Talk About the 'Bubble'

http://www.latimes.com/technology/la-fi-homeblog16jul16,1,4048418.story?coll=la-headlines-technology&ctrack=1&cset=true

Friday, July 15, 2005

Bettering your credit score

http://www.usnews.com/usnews/biztech/articles/050714/14finance.htm

Wednesday, July 13, 2005

Consumer Advocates: Bank Fees Are Out Of Control

http://www.thewbalchannel.com/news/4711606/detail.html

Tuesday, July 12, 2005

INFLATION - WHO SAYS IT'S DEAD?

- a dollar in 1950 will buy only 13 cents worth of goods today, 87% less than before -
example 1: a postage stamp in the 1950s cost 3 cents; today's cost is 37 cents - 1,233% inflation;
example 2: a gallon of full-service gasoline cost 18 cents before; today it is $2.28 for self-service - 1,267 % inflation;
example 3: a new house in 1959 averaged $14,900; today it's $282,300 - 1,795% inflation (+1,510% if quality-adjusted);
example 4: a dental crown used to cost $40; today it's $740 - 1,750% inflation;
example 5: an ice cream cone used to cost 5 cents; today its $2.50 - 4,900% inflation;
example 6: monthly Medicare insurance premiums paid by seniors was $5.30 in 1970; its now $78.20 - 1,475% inflation;
example: several generations ago a person worked 1.4 months per year to pay for government; he now works 5 months.And in the past, one wage-earner families lived well and built savings with minimal debt, many paying off their home and college-educating children without loans. How about today?

Feds no longer dismiss talk of housing bubble

Federal Reserve Chairman Alan Greenspan, who as recently as last year dismissed talk of a speculative housing bubble, now acknowledges that there are “a lot of local bubbles” in the housing market.

http://msnbc.msn.com/id/8514801/

You can avoid buying into a housing bubble

http://www.mysanantonio.com/business/stories/MYSA071105.1R.housing_bubble.56d12282.html

Monday, July 11, 2005

Housing Markets Pricing Out Middle Class

http://biz.yahoo.com/ap/050710/unaffordable_american_dream.html?.v=6

Credit card companies increase fees, payments

Greedy for-profit bankers...
http://www.billingsgazette.com/index.php?id=1&display=rednews/2005/07/09/build/business/30-credit-cards.inc

Thursday, July 07, 2005

How To Reduce Banking Fees

http://www.workathomeboard.com/?p=2860

Wednesday, July 06, 2005

Woodstock Institute finds credit union issued cards are fairer than bank issued cards

http://woodstockinst.org/blog/?q=node/60

Interest-only loans no bargain

http://www.billingsgazette.com/index.php?id=1&display=rednews/2005/06/30/build/business/40-pfinance.inc

MBNA-Bank of America deal hurts Consumers

http://www.businessweek.com/ap/financialnews/D8B25GR80.htm?campaign_id=apn_home_down

Investment Outlook by Bill Gross

http://www.pimco.com/LeftNav/Late+Breaking+Commentary/IO/2005/IO+July+2005.htm

Law compels insurers to explain how credit scores affect premiums

http://seattlepi.nwsource.com/local/231260_creditscoring05.html

Pictures of a mania? - US Housing Bubble

http://www.forexrate.co.uk/news/item/769

Bleak economic forecast for Maine

http://www.timesrecord.com/website/main.nsf/news.nsf/0/A1BED4AFF4B0455405257035005FF1DE?Opendocument

Mobile home madness: Prices top $1 million

http://www.usatoday.com/money/perfi/housing/2005-07-05-million-dollar-trailers_x.htm

Tuesday, July 05, 2005

C-ADD (Checking Account Deficit Disorder)

http://www.bankrate.com/brm/news/debt/20040723a1.asp?prodtype=bank

Monday, July 04, 2005

30-year mortgage lowest since April '04

http://money.cnn.com/2005/06/30/real_estate/weekly_rates/index.htm

If real estate bubble bursts, downturn would only last a couple years

http://www.theunionleader.com/articles_showa.html?article=57208

Fees put squeeze on credit cards

http://washingtontimes.com/business/20050704-121132-3645r.htm

Saturday, July 02, 2005

Housing vs. dot.com

http://money.cnn.com/2005/07/01/real_estate/us_housing_market.reut/index.htm?cnn=yes

Friday, July 01, 2005

Bubble Over Troubled Waters

http://slate.msn.com/id/2121684/

Housing bubble could be a replay of 1990s rise, burst

http://www.detnews.com/2005/business/0506/30/B01-232779.htm

Consumers Reports(r): Credit Scores Being Held Against Consumers;

http://releases.usnewswire.com/GetRelease.asp?id=49788

VISA Foreign Fees marked up at consumers expense.

Our CU passes through the 1% VISA charges and that's all...Be careful with MBNA overseas as they are charging 3% for a 2% profit on everything you purchase...
http://www.bergen.com/page.php?qstr=eXJpcnk3ZjczN2Y3dnFlZUVFeXkyOCZmZ2JlbDdmN3ZxZWVFRXl5NjcxNDI2NCZ5cmlyeTdmNzE3Zjd2cWVlRUV5eTI=