Blog Archive: October 2008

Welcome to Ilyce Glink's blog! Here you'll find Ilyce's latest insights on personal finance advice, real estate advice and consumer issues. Come back often for timely and interesting posts on a wide variety of topics.

Hank Paulson's Statement Today on the Credit Crisis

Added October 8, 2008 by Ilyce Glink

This is unfiltered Paulson October 8, 2008

Statement by Secretary Henry M. Paulson, Jr. on Financial Markets Update

Washington, DC-- Good afternoon. Last Friday Congress finalized and President Bush signed into law the bipartisan Emergency Economic Stabilization Act. The EESA provides the Treasury…

Topics: mortgage

If You Live In Illinois, And Some Other States, Get Up To $7,500 to Prevent Foreclosure

Added October 8, 2008 by Ilyce Glink

This crossed my email inbox this morning. If you're on the verge of foreclosure, this program might help with cash that can be used to help you recover from a temporary financial setback.

HOUSTON (October 8, 2008) Money Management International (MMI), the nation's largest nonprofit credit and debt…

Topics: mortgage

Listen To Ilyce On WGN

Added October 7, 2008 by Melanie G. Rogers

Yesterday, Ilyce talked to WGN about Countrywide and Bank of America. She talked about negative amortization loans and what borrowers can do if they have a BOA or Countrywide loan.

Listen here: wgnradio.com/index.php?option=com_content&task=view&id=45187&Itemid=99999999

Check out the YouTube channel…

Topics: mortgage loan

What Would You Do With $800 Billion?

Added October 6, 2008 by Ilyce Glink

On the Bailout special this Sunday, I talked about how I'd spend maybe $250 billion on buying out troubled mortgages, but that I'd spend maybe $500 billion on a massive infrastructure program.

Building and rebuilding roads, schools, bridges (not including the "bridge to nowhere") would put people to…

Topics: mortgage