The Federal Housing Administrationwill need billions of dollars in aid from the U.S. Treasurybefore the end of the year to fill a financial hole caused by defaults on mortgages it insures, House Financial Services Committee Chairman Spencer Bachus said today. FHA will propose increases in the premiums it charges to insure mortgages as one solution […]

Do you spend weeks each spring eagerly anticipating your income tax refund? When the money finally comes in, is it gone tomorrow? You’re not alone. Many consumers view tax refunds as unplanned bonuses, but it makes more sense to plan for that new chunk of change so it doesn’t go to waste. “Making smart decisions […]

By Andrew Housser For many people, as they age, the term “golden years” may be a misnomer. More and more people are struggling with debt, due to the combination of the recent economic recession, lower income as they age, and increasing health costs. How tight are budgets? Among those older than age 75, nearly 40 […]