| Personal Finance Headlines |
| Bernanke says GSE debt backing must be maintained
(Reuters)
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|  Reuters - Federal Reserve Chairman Ben Bernanke said on Friday that U.S. backing for the debt issued by home mortgage finance firms Fannie Mae and Freddie Mac in their current form must stand firm, even though it is appropriate to debate their future.
-- read full article |
| Fri, 31 Oct 2008 21:03:57 GMT - Yahoo! News: Personal Finance News |
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| Insight: The masters lost our trust
(FT.com)
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| FT.com - Sherman McCoy, the fictional 1980s "Master of the Universe" Wall Street bond trader, had his sights set on a deal which could earn him $1.7m in commission payments, money he needs to pay off the mortgage on a lavish Park Avenue apartment. -- read full article |
| Thu, 30 Oct 2008 17:45:23 GMT - Yahoo! News: Personal Finance News |
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| GMAC may become bank, eyes massive debt overhaul
(Reuters)
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| Reuters - GMAC LLC, the money-losing auto finance and mortgage provider, on Thursday confirmed it was seeking to become a bank holding company, and said it plans to overhaul and slash its debt load, barely four months after completing a $60 billion refinancing package. -- read full article |
| Fri, 31 Oct 2008 02:28:20 GMT - Yahoo! News: Personal Finance News |
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| Life Insurance Trusts and You
(The Motley Fool)
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| The Motley Fool - Trusts are impressively flexible, offering many ways for people to use them. Revocable trusts can encompass many people's entire estate-planning needs in a single document. On the other hand, professionals have tailored some types of trusts to fit very specific situations and types of assets. The life insurance trust, primarily designed to hold life insurance policies, is a prime example. -- read full article |
| Wed, 29 Oct 2008 19:08:13 GMT - Yahoo! News: Personal Finance News |
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| Estate Planning: Trusts
(The Motley Fool)
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| The Motley Fool - Trusts were first used in medieval England, and they have evolved to serve many purposes in modern law. The essential attribute of a trust is that it divides ownership of property into two pieces. One person, the trustee, holds the legal aspects of ownership and may control and take responsibility for the property. Another person, the beneficiary, holds the sole right to enjoyment of the property. -- read full article |
| Wed, 29 Oct 2008 14:14:54 GMT - Yahoo! News: Personal Finance News |
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| Estate Planning: Wills
(The Motley Fool)
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| The Motley Fool - Since at least the time of the Roman Empire, wills have been used to ensure the orderly transfer of property from generation to generation. While the popular image of making a will often involves someone in a grave situation -- on the eve of battle, perhaps, or suffering from a terminal illness -- wills can be drawn up at any time, and they do provide a good way for people to state their wishes regarding who should receive their property after their death. -- read full article |
| Wed, 29 Oct 2008 14:15:27 GMT - Yahoo! News: Personal Finance News |
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| O'Neill: No more mortgages without down payment
(AP)
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| AP - President Bush's first treasury secretary says Congress should scrap plans for a new economic stimulus package and instead require that no future home mortgage be awarded without a 20 percent down payment. -- read full article |
| Tue, 28 Oct 2008 21:39:07 GMT - Yahoo! News: Personal Finance News |
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