Luxury Home Owners Atop Financial Time Bomb as “Option Pay” Adjustable Rate Mortgages Reset

June 4, 2009


Millions Stretched Themselves Financially, Face Painful Adjustment, Default, Foreclosure - as Payments on Adjustable Rate Mortgages Reset.
Newport Beach, Calif. (WiredPRNews.com) — Adjustable rate mortgages (Pay Option ARM’s) were widely used in the hot housing market of recent years. Many households that took advantage of “Option Pay” loans or “teaser rate” loans – types of adjustable […]

Banks Charging for Unemployment Withdrawals

February 21, 2009


Banks have begun charging individuals who receive unemployment benefits for use of their benefits debit card.
WiredPRNews.com – Many are taking issue with new bank policies that call for the imposition of fees for individuals who collect unemployment benefits. As reported by the Associated Press (AP), thirty states have deals in place with banks including Bank […]

 
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