In the wake of several multi-billion dollar bailouts, many of us have become desensitized to these astronomical amounts of money. I used to think that a million dollars was an exorbitant figure, but it has now been reduced to mere “chump change”. According to a recent report from the Treasury De...

Major U.S. banks were allowed to repay the Treasury for the first time last week, escaping the clutches of the Troubled Asset Relief Program (TARP). While it will be some time before taxpayers see a return on their entire $700 billion investment, the 10 financial firms that were approved to exit TAR...

The Mortgage Bankers Association (MBA) released its latest survey over the weekend, showing 10% of American homeowners at least one month overdue on mortgage payments or in the process of foreclosure.  This marks a 9% increase from just three months prior, a 7.3% increase from a year ago, and the h...