According to an article in the Star-Telegram, Fannie Mae is offering homeowners facing foreclosure the option of leasing their home instead of going through the foreclosure process.
The article said:
“The government-controlled company, through its new “Deed for Lease” program, will allow borrowers to transfer ownership to Fannie Mae and sign a one-year lease, with month-to-month extensions [...]

After filing Chapter 11 bankruptcy on Sunday, CIT Group is hoping that it will fair better than previous financial companies who have filed bankruptcy.  According to an article in the Star-Telegram, most financial companies who file for bankruptcy are usually liquidated or sold.
The article said:
“But the real test will come from CIT customers, who could [...]

According to an article in the Dallas Morning News, the Commerce Department reported that new home sales have dropped in September by 3.6 percent.  Some analysts expect that the drop off in sales is a result of potential homebuyers delaying their decision to buy a home due to the expiring tax credit which will end [...]

Domestic abuse on the rise in Dallas-Fort Worth Area

Even under the best of circumstances, things happen that can strain the best of marriages.  The recession hasn’t helped the strain.   Most news reports focus on debt relief as some type of numbers game…what you have to do to get out of debt and a bottom line [...]

According to an article at ABC News, the foreclosure crisis has just taken an ugly and violent turn as two mortgage loan agents claim that they were attacked, tortured and robbed by disgruntled homeowners facing foreclosure.
The article said:
“A California couple and three accomplices were charged in the case. They are accused of beating and torturing [...]

According to an article in the Star-Telegram, Senator Christopher Dodd, introduced legislation that would require banks to inform their customers when they overdraw their accounts via e-mail, text message, or postal mail and warn them if an ATM or teller transaction will put them into the red. In addition, the legislation would limit the number [...]

According to an article in the Star-Telegram, the government and many economists claim that the recession is in its waning days; but job losses tell a different story.
The article said:
“The government releases third-quarter Gross Domestic Product figures on Thursday. Many forecasters say they will show GDP growing at an annual rate of about 3 percent, [...]

According to an article in the Star-Telegram, the government and many economists claim that the recession is in its waning days; but job losses tell a different story.
The article said:
“The government releases third-quarter Gross Domestic Product figures on Thursday. Many forecasters say they will show GDP growing at an annual rate of about 3 percent, [...]

According to an article in the Dallas Morning News, even if you have medical insurance and go to an “in-network” hospital, you could still end up with a ton of medical debt due to a practice called “balance billing.” In a nutshell, balance billing equals more medical debt for consumers who use “in-network” hospitals who [...]

There’s an interesting article in the Huffington Post, which suggests a unique (well not so unique) solution to the foreclosure crisis.
The author said:
“Let’s have a federal bill that states that any bank that took a bailout loan and hasn’t paid it back yet isn’t permitted to foreclose on anybody’s primary residence. In addition, bonuses for [...]

According to an article in Reuters, the National Consumer Law Center (NCLC) just released a report finding that mortgage servicers have favored foreclosure over loan modification because it’s cheaper and even more profitable to the servicer.
The article said:
“Loan modifications inevitably cost the servicer something. A servicer deciding between a foreclosure and a loan modification faces [...]

According to an article in the Star-Telegram, the Erickson Retirement Communities have filed for Chapter 11 bankruptcy and has agreed to be purchased by Redwood Capital Investments LLC.
The article said:
“Erickson spokesman Mel Tansill says the bankruptcy filing in Dallas and the agreement with Redwood took place on Monday. He says Erickson must restructure its debt [...]