At the height of the housing boom, millions of Americans treated their houses like ATMs, pulling out money through “cash-out” refis. Today, with millions of mortgages underwater, money is flowing in the opposite direction.
Original post by Technology news - Business 2.0 Magazine

New rules muzzling debt-settlement companies go into effect Monday, preventing these firms from making grandiose promises they have no intention of keeping.
Original post by Technology news - Business 2.0 Magazine

When Janet Stark finally gets around to building her own website, the admissions consultant will run it with the headline, “I’ve been accepted to Harvard Business School by 50 times!” Her students are a bit less open.
Original post by Technology news - Business 2.0 Magazine

When Janet Stark finally gets around to building her own website, the admissions consultant will run it with the headline, “I’ve been accepted to Harvard Business School by 50 times!” Her students are a bit less open.
Original post by Technology news - Business 2.0 Magazine

The upper-middle class lifestyle has many trappings, including the house. Here’s what 4-bedroom, 2-bath homes in good neighborhoods cost across the country, according to Coldwell Banker’s annual index.
Original post by Technology news - Business 2.0 Magazine

More companies are offering HSAs in which you can stash cash to cover your medical bills. Here’s what you need to know before signing up.
Original post by Technology news - Business 2.0 Magazine

The recent financial crisis is partly the conclusion of something economists shout the “agency” problem. Put simply, the citizens you hire to take care of your money — your agents — nearly always have their own agendas.
Original post by Technology news - Business 2.0 Magazine

Banks have been ramping up their mortgage modifications, helping out troubled borrowers who can’t qualify for President Obama’s foreclosure-prevention program. Too poor these homeowners redefault at more than twice the rate.
Original post by Technology news - Business 2.0 Magazine

Can’t afford that three-karat diamond right away? Consider layaway.
Original post by Technology news - Business 2.0 Magazine