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Is My Annual Credit Report Free?

For several years running now we have all been inundated with those TV commercials about getting a free annual credit report which leaves us wondering, is my annual credit report free? Actually, the government took the guesswork out of that by enacting a Federal law which stipulates that every consumer is entitled to one . . . → Read More: Is My Annual Credit Report Free?

Deficit Shrinking Slightly According to Treasury Statement

If you examine the December Treasury Statement, it outlines the amount of money the government has collected and spent for each month. If you compare the current month with the recent fiscal year, which began back in October of 2011, to the year prior, this may seem complicated. However, as the year continues the taxes paid, . . . → Read More: Deficit Shrinking Slightly According to Treasury Statement

Online Hackers Target Zappos and Affects Millions of Customers

Zappos, an online shoe source was hacked recently and at least 24 million people became victims in the attack. Information like phone numbers, addresses, email accounts and at least partial credit card numbers was stolen. This was reported late Sunday evening by sources from the company.

Because of this unauthorized and illegal attack on the company’s data . . . → Read More: Online Hackers Target Zappos and Affects Millions of Customers

Free Credit Score from Government Site

The average person knows that their credit rating is of vital importance in every aspect of his or her life, but there is still some amount of confusion as to the difference between a credit report and a credit score. There is a government site set up for getting your free annual credit report . . . → Read More: Free Credit Score from Government Site

Dell Shifts Focus to Oracle-Like Acquisition Campaign

It seems like Dell aiming at becoming the leading computer OEM (Original Equipment Manufacturer) in the US market — a step that will surely help the companies standing in the current market scenario. However, this goal requires big to be made to the same market. Microsoft has recently made great progress in the global market, offering its niche products to the market. Oracle, on the other hand, relies on a diversified portfolio that comprises of acquisitions. Dell Inc. currently ranks second in the computer manufacturing sector. The company has long been under Hewlett-Packard both in the US as well as globally. Dell founder, Michael Dell seems to have other plans in mind. His decision led the company to stick to the development of the manufacturing sector and top the charts that way.

Continue reading Dell Shifts Focus to Oracle-Like Acquisition Campaign

Freddie Mac On The Mortgage Market

To compliment Pershing Square’s presentation on the state of the mortgage market, Freddie Mac (the Federal Home Loan Mortgage Corporation), the public government sponsored enterprise includes in its quarterly results a review of the housing market that is always very interesting. Regarding Freddie Mac, the situation seems to be stabilizing with almost no draws in the last quarter (only $100 million in q3), which is particularly good considering the 10% interest of the preferred government senior. Not only that, but Freddie Mac’s single family delinquencies peaked in February  2010 to 4.2% and improved six quarters in a row. The corporation  buys mortgages on the secondary market and sells the same as mortgage based security in the open market.

Continue reading Freddie Mac On The Mortgage Market

US Housing Officials to Probe Mortgage Discrimination Allegations

US administration under President Obama reported on Wednesday that it would conduct investigations into a customer group’s allegations on lenders who have been violating federal standards by failing to offer home loans to borrowers who fall into the minority category. The Department of Housing and Urban Development notified the launch of an enquiry in accordance to the complaints filed against such lenders. It was seen that round about twenty-two complaints were then lodged by the group of consumers with the HUD.

Continue reading US Housing Officials to Probe Mortgage Discrimination Allegations