FHA Announces a 40-Year Loan Modification Option

FHA Announces a 40-Year Loan Modification Option

A 40-year loan mandates a lot of interest payments and a slow build for equity, but FHA says it will prevent thousands of foreclosures, making that a fair tradeoff. The Federal Housing Administration (FHA) introduced a 40-year loan modification option, and it’s asking...
Getting a divorce? Here's how to tackle those money issues

Getting a divorce? Here's how to tackle those money issues

When going through a divorce, it’s crucial to focus on future financial health, and financial advisors can help newly single ex-spouses sort out money matters. “People often say ‘I just want out,’ but the reality is going to hit you later,” said certified...
Job Growth Continued in March

Job Growth Continued in March

Total nonfarm payroll employment increased by 431,000 in March, and the unemployment rate fell to 3.6% from 3.8%. The labor market recovery is continuing, as employment in some sectors, such as professional and business services, financial activities, and retail...

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