August 6th, 2010
Friday Scoop on Credit Karma & Housing Market News
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Some homeowners may face a surprise home visit from U.S government officials issuing a foreclosure notice, reports The Wall Street Journal. The Federal Reserve Bank of New York took over a souring mortgage portfolio when it helped bail out Bear Stearns in 2008, and now a number of properties, from homes to commercial buildings, may face foreclosure. Federal officials are trying to avoid closing on homeowners and business owners as it copes with falling real-estate values, especially because “If the Fed can’t figure out how to recast the terms of these mortgages and work with borrowers–its emblematic of the problems the government has had with other programs over the last year and a half,” the articles states. Strike two after the Obama administration’s foreclosure program, perhaps?
Check out more housing market updates, plus some great ways to save money on your home, in the end-of-the-week roundup of great finance articles from around the web. Happy reading and happy weekend!
Credit Karma in the News
- MakeUseOf.com writes a stellar review of Credit Karma in Instantly Find Out Your Credit Score Free of Charge With Credit Karma.
- 5 Financial Tasks To Do Today, from U.S. News & World Report, includes checking your credit score with Credit Karma!
- Credit Karma data pitches interesting facts in the posts Iowan’s Credit Positions Improve and Card-Swiping.
- A reader asks How To Get Out Of Debt blog, What Do You Think About Credit Karma? Guess what the answer is…
- Another great review, Free Credit Reports From CreditKarma. Thanks Techie Buzz!
- “You can get your score as often as you like and track it using a very user-friendly Credit Karma interface,” writes Wealth Informatics in How To Get Your FICO & FAKO Credit Scores For Free.
Home & Mortgage News
- Frugal Home Repairs: Do It Yourself Or Call A Professional?, contemplates Christian PF blog.
- More affordable solutions for your home, 3 Cheap Ways TO Spruce Up Your Kitchen, brought to you by CNN Money.
- MarketWatch dishes Tips on Surviving A Home-Loan Modification.
- Money Under 30 blog explains How to Qualify For a FHA Loan. This mortgage option is not just for first time homebuyers.
- Do you refinance when your house is underwater? Mighty Bargain Hunter debunks the good from the bad.