Are you worried about making your mortgage payments, but haven’t yet fallen behind? Is your mortgage more than your home is worth? Then the new Federal Making Home Affordable program may help you modify your loan and avoid foreclosure. To find out if you are eligible, go to

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Are Bankruptcy Loans A Good Idea?

Bankruptcy loans are not extinct but they come at a price. Although getting a  personal loan after bankruptcy is not recommended, there are certain life situations that may demand. So, you are bankrupt and you want to avail a personal loan. Most of the loan providers would have turned blind eye towards your request. But there is still a silver lining.

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Mortgage rates have sunk to the lowest level in more than five decades, but consumers aren’t rushing to refinance their loans or buy homes.

Mortgage company Freddie Mac said Thursday the average rate for 30-year fixed loans sank to 4.58 percent this week.
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Demand for loans to buy U.S. homes fell last week for the fourth straight week, holding 13-year lows, as the housing market adjusted to a selling environment without the federal tax credits that had stoked April sales, the Mortgage Bankers Association said on Wednesday.
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2500 jobs: the cost of the new federal student loan law cited Sallie Mae on Friday as it commented on the effect on the new law recently passed by the Obama Administration aimed to eliminate middlemen and cut down costs.

The nation’s largest student loan lender has told 1,200 staffers in service centers in Killeen, Texas, and Panama City, Fla., they will lose their jobs by year-end. The remaining cuts will follow in 2011, resulting in nearly a third of the company’s total work force of 8,000 losing their jobs.
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