Personal Finance

We cover the basics and more about personal finance, answering frequently asked questions about credit and debt, identity theft, saving for college, retirement, estate planning, insurance, taxes, job hunting, and raising money-savvy kids. Check out the articles, columns, blog posts, radio shows and videos for tons of personal finance advice.

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Obama’s Making Home Affordable Mortgage Loan Modification Program Helping But Delinquent Mortgages On The Rise

Added August 26, 2009 by Ilyce R. Glink

Obama’s Making Home Affordable Mortgage Loan Modification Program is helping some but delinquent mortgages are still on the rise. Delinquent mortgages are on the rise as loan modifications are taking longer to complete. Delinquent mortgages, those that are 30 and 60 days late, have usually had a high rate of "self-cure" or homeowners finding ways to make their mortgage payments. However, as home values fall, more homeowners are letting their delinquent mortgages turn into foreclosures. These delinquent mortgages will continue to turn into foreclosures as it continues to take longer to complete loan modifications even under the Obama Making Home Affordable Loan Modification Plan works its way through the system.

Read More: Obama’s Making Home Affordable Mortgage Loan Modification Program Helping But Delinquent Mortgages On The Rise

Personal Finance Videos

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Save Money With This Light Switch

June 26, 2008

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If you're looking for ways to save energy consider changing your light switch to a light dimmer. This light switch will extend the life of your light bulbs and save you money. Lutron's Melissa Andresko tells you how the light switch saves you money.

Watch Video: Save Money With This Light Switch

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