Articles

Over the last twenty years, financial companies have marketed second mortgages as home equity loans and lines and made it acceptable to borrow against your house. Consumers eagerly gobbled them up.

Oil and gold continue their fall, providing even more breathing space for the Fed. Will it continue?

The Federal Reserve Bank of Minneapolis President Gary Stern gave a speech saying that the current economy is similar to the US economy in the early 1990s. He believes some parallels can be drawn. There are similarities, but also differences.

Discover Bank raised the rates on its 60 Month (5 Year) and 48 Month (4 Year) Certificates of Deposit.

Goldwater Bank, a new, small bank out of Scottsdale, Arizona is offering a very competitive 4% savings account.

Michelle shouldn't be making such dumb statements.

As the credit crisis deepens, banks are becoming more and more willing to sell foreclosed homes at lower prices and take the steep loss.

In a note to his clients, Merrill Lynch's Richard Bernstein warned that the credit crisis is far from over and that financial companies have more hits to take.

Washington Mutual has raised the rate on its 12 month CD to 4.50% APY, making it the top rate on the BestCashCow rate table.

The Fed was looking for a lifeline from energy and it has received it over the last couple of weeks as oil has plummeted from over $140 a barrel to under $120.

Downey Financial Corp. revealed in its quarterly filings that the Office of Thrift Supervision, its main regulator has imposed several restrictions on its activities.

The FDIC's insurance may lose 17% of its capital as bank failures have drained it. It's expected to to the point where the FDIC may ask other banks to pay more to replenish the fund.

Remember when a rebel firing a bullet in Nigeria caused the price of oil to jump $10 a barrel. Now, there's an all out way in Georgia and oil prices continue to drop. Something has changed.

Many different economic models are being used to try and predict the bottom of the housing market. Here's a look at a few of them.