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 On Thursday, September 30, the U.S. Department of Labor issued its weekly report about individuals claiming unemployment benefits for the first time. During the week ending September 25, 453,000 individuals filed first time claims for unemployment. This figure does not refer to individuals who are already receiving unemployment insurance benefits but new, → Read More  66 comments - (Comments are closed)  A recent survey showed that most loan modifications have actually very little effect on a person’s credit score. The results of the survey conducted by VantageScore Solutions and involving over 400,000 active consumer credit files run contrary to the popular belief about loan modifications and their impact on credit ratings. In a → Read More One comment - (Comments are closed)  Tales abound of 99ers who lost their jobs and are now on the verge of losing their cars, homes, families, and friends — but are hoping to retain at least one or two of those things using money from the Tier 5 unemployment extension. Unfortunately, the two bills that would create a → Read More 50 comments - (Comments are closed)  Most homeowners agree the application process in seeking a loan modification to lower their mortgage payments and avoid foreclosure is a complex one. Many simply give up even before their application gets to be reviewed by their mortgage company. Here are the top tips for homeowners to consider when applying for loan → Read More Comments are closed  Thompson Publishing Group, a business publishing company of US private equity firm Avista Capital Partners, has filed for Chapter 11 protection. Meanwhile, a source familiar with the company said, video rental firm Blockbuster Inc (PINK:BLOKA) is set to follow suit within the next few days. The Thompson Publishing Group’s filing on Tuesday → Read More Comments are closed  Statistics show that the recession is over but as the unemployment rate continues to rise, millions of unemployed do not believe that it has ended. Tha National Bureau of Economic Research said that based on the figures they have gathered, the recession started on December 2007 and lasted until June 2009. The → Read More Comments are closed  The oil spill from the blown Maconda well on the Gulk Coast may have come and gone, but the question is, will BP, the company whose Deepwater Horizon drilling rig was hit by this accident, ever be able to fully recover? BP’s share price took a massive hit when it plunged more → Read More Comments are closed  Federal Reserve data showed a drop of $1.5 Trillion in the household net worth of Americans in the second quarter of 2010 compared to the first quarter of this year. This was attributed to declined value of stocks, mutual bonds, real estate property and the increasing unemployment rate. Total household net worth → Read More Comments are closed |
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