Don’t defer your process of getting out of debt. It will take a larger proportion and will make you reach a point where bankruptcy will be the only option left. Instead of hiring services of a debt help company, try it out on your own.

The first step is to review your finances. Start from scratch. It is worth the time you are spending. Take some time out and write down your monthly income and your expenses. It should include all your monthly financial obligations. If you have many debt accounts and many creditors to deal with, deal with creditors one at a time. Convince them that you are facing financial hardship and the reasons for your missed payment.

While you are doing all this, keep in mind your credit score. All your debt relief solutions should be carried out keeping in mind your credit rating. You can get hold of a credit report to check for any anomalies. You are entitled to get a free credit report at least once a year. You can also get a free credit report under the following circumstances-

* If you have been denied credit, you can apply for a free credit report
* A credit report can also be requested for if an employer refuses to give you employment or a landlord refuses to rent out his premises to you.

Know credit repair facts to improve your credit rating and enjoy favorable financial terms.

The truth is that there are many different ways to get a discount on your Wall Street subscription, and if you have an interest in making sure that you are going to get the best news for the best price, there are several different options for you to explore. For instance, as soon as you buy a subscription, you are already saving around seventy percent off of the news stand price. With a little bit of planning, making sure that you get the paper regularly is already a great deal!

One great way to save on your Wall Street subscription is to make sure to mention if you are a student. If you are a high school or a college student, you will find that you can get three different types of subscriptions, all lower than the average price. You can pay $19.95 for 10 weeks of both the print and online edition, $49.95 for 26 weeks of both editions, or $99.95 for a full year of both editions. This takes a full 75% off of the cover price, so take advantage of this great rate if you can.

Another way that you can get great savings if you have been a long time subscriber of the Wall Street Journal is to let your subscription lapse slightly. When you are considering what you can do in order to make sure that you are getting the best rates, you will notice that the current new subscription rates are quite good. You can currently save 50% on the first thirteen weeks, after which, the one year renewal is set at $200. This will let you get a full year of this newspaper for around $3.49 every week.

You will also find that by getting the print and the online editions together that you can get some great savings. You can get a whole year for $175 plus four free weeks as well. While this is the best deal out there, you should also keep in mind that there are a few options that will let you read the online articles completely free of charge. All you need to do is to make sure that Wall Street site believes that you are coming from a referral site like Google or Digg. You can do this simply by searching for the headline on Google or by doing some referral spoofing, which is simple to do after you have downloaded the ref spoof add on for Firefox.

Take some time to think about what you want to pay for your Wall Street subscription and see what you have to do to make that price apply to you!

All you need is a trading account and you can set it up in a couple of days. Most online brokers charge about $5 a trade and give you access to a vast amou7nt of resources to help you trade stocks effectively.

Although the actual process of buying and selling stocks is simple, making money is quite a different story. Losing your shirt is a lot easier than you may think. You absolutely have to protect yourself when trading online – not from a security point of view but rather from a trading point of view.

Stocks can be highly volatile and if you don’t keep a close eye on how your stocks move, you can really lose a lot of money really quickly. If you are trading short term then you need to make sure you at least have the following safety measures in place.

- Check the history of the stock
Day traders often just look at short time frames which can be dangerous. Always make sure you check a longer history of the stock to make sure you aren’t in for any nasty surprises.

- Check the news
Always check the financial news and do search on Yahoo Finance for the stock you are about to buy. Make sure there’s aren’t any news that might have a negative effect on the stock.

- Stop losses
Always trade with stop losses – period. It is your number one safety measure and can make the difference between losing your shirt and surviving. Set your stop loss to what you feel comfortable losing and never leave it till the next day.

On Friday, FHA announced that their reserves are expected to be reduced to a level below a legally mandated minimum. However, according to Stevens, “There will be no taxpayer bailout.” Stevens announced a series of changes in policy that will ultimately reduce the risk of additional losses and strengthen the reserve fund in question. Because the agency is completely funded through fees paid by homeowners who have FHA-backed mortgage loans, the reserve fund has taken a direct hit as a result of the continued rise in foreclosure activity.

Even though unemployment statistics remain high, and continue to increase in many states, FHA is continuing to insure mortgage loans as conventional mortgage lenders continue to tighten their lending guidelines. Many lawmakers agree that if FHA does not tighten their guidelines, they will become “a powder keg that will explode,” according to Sen. Kit Bond (R-MO). Bond is calling for changes across-the-board so a potential bailout does not fall on the taxpayers again. Bond added, “It’s critical we address FHA’s problems now because they taxpayer credit card is maxed out and a viable FHA is necessary for our economic and housing recovery.”

Created during the Great Depression to help stimulate the economy by helping average Americans buy new homes, FHA has become the largest mortgage insurer in the world. Because of it’s minimal down payment requirement of only 3.5%, FHA insures approximately 23% of all mortgage loans in America today, compared to about only 2% just three short years ago. “Without FHA, there would be no housing recovery,” said Stevens.

By law, FHA is required to raise the level of reserves. However, because of market volatility, projecting future reserves is extremely difficult. Because the market has not bottomed out yet this year, as has been predicted, it’s a major factor in explaining why the reserve has been reduced in the first place.

The good news for those looking to purchase a home or refinance with an FHA-backed mortgage loan, FHA has no plans to increase their mortgage insurance premiums. Rather, they intend on reducing their risk to future losses by requiring FHA-approved lenders to possess at least $1 million in cash or other assets, which is up from the current $250,000 minimum.

In addition, FHA will appoint the agency’s first chief risk officer, who will be charged with capping refinances at 125% of a current home’s LTV (loan-to-value) and end the process of certifying mortgage brokers to issue mortgage-backed loans. Because mortgage insurance premiums will not be increased, borrowers of FHA-backed mortgage loans will not face higher monthly mortgage payments and can still benefit from the near historic low current mortgage rates.

Are you one of these people? Have you been struggling to keep your family from being homeless while dealing with an economy that does not provide job stability? If so, then read on. The following are the current developments in the Obama bailout plan.

Everybody who borrowed money for their mortgage but has been failing to meet deadlines for their monthly payments are considered as qualifiers for the mortgage bailout. This bailout entails a cutback on the original interest rates of these loans. Perhaps one of the biggest helps that the plan will offer struggling home owners is the extension of the terms of payment for ten or twenty more years. Finally, the most obvious help this bailout will give is the lowering of the principal amount of the loan.

Here are some of the other details of this Obama bailout plan:

- You don’t have to be a nonpayer, but you must be a primary proprietor. If you are not the primary proprietor, then you are automatically not qualified for any loan modifications.
- The plan enables you to freeze your rate if the mortgage rate is set to increase.
- The lowering of your rates will be given to you for the first five years since the bailout approval. After that, the rates will be normalized in accordance to the market rate.
- You can qualify for the bailout if your monthly mortgage is more than thirty eight percent of your salary. Once you get accepted into the bailout, the bank will adjust the loan as appropriate to your income. It would then be insured that your monthly payments will not be more than thirty-one percent of your salary (gross not net).

The storm clouds of doubt are still forming. So many of us Americans still don’t know why, when or who was responsible for this “nuclear financial bomb” that hit us. I have read many articles and opinions from just about every financial guru and lawyer about how this happened and who should shoulder the blame.

There are still many unanswered questions. Lets start simply by asking:

Who are these investors of these asset based securities?
Did the lenders know ahead of time that your mortgage note was going to end up with a foreign owner?
Why are these investors referred to as “book entries” into these trusts?
Why did both political parties agree to this debacle at the last minute?
Did AIG insure the performance of these investment trusts or was AIG also an investor?
Why have attorneys been instructed NOT to produce the note in foreclosure actions?

After reading many articles and talking to many attorneys, underwriters, mortgage brokers, realtor’s and investors, I have put my “twist” on what has happened. I have personally viewed a number of foreclosure law suits and within the complaint itself, the plaintiff tells the court that they are in possession of the mortgage note and later on in the complaint, the plaintiff asks the court to accept a “lost note” affidavit.

Now, to the average person, this seems like normal legalese and in most cases, they simply let it happen or because of lack of representation they don’t know what has happened. The truth is that because the original note is part of a trust that was assembled by the collection of these notes, it would be fraudulent for the note to be produced, when in fact the subsequent owner of that note is no where to be found. Crazy! Not if you start your mind thinking.

Who are the investors of these mortgage backed securities? OSCAR identifies these trusts and extensive investigation into the owners of these investments, reveals that the investors are all book entries. That means that someone living in a foreign country, that has accumulated a lot of cash (USD) and is looking for a way to bring it to the surface, just might invest into a number of these trusts. The appealing of these investments, were the fact that they were backed by US Mortgage notes, secured by real estate.

Now a few short years ago, American real estate was one of the best and most secure investments on the face of the earth. After all, it appeared that the subsequent owner of the mortgage note, had a security that was performing and possibly the performance was insured by AIG so, they had nothing to lose. As long as the real estate kept appreciating in value, the owner of the note could relax.

Now, enters the creative greed of Wall St. Lets take for example a $300,000 note at 8%. The annual interest is $24,000. This is the yield of that note. Lets keep it simple. But, what IF, the creative greedy scumbags, took that note and somehow they changed the asset to a $400,000 face amount yielding 6%. The yield was still $24,000 BUT the value of the trust was increased by 25%. Slick? Could it have happened? Who would be the one to answer that? Commissions were based on the value of the trust. So, some sharpies on Wall St, virtually stole additional commission of 25%.

Did this happen? I don’t know that answer, but put this into your pipe and smoke this one. WHY would both parties at the last minute agree unanimously that the “bailout” would be signed by all?Put your “Sherlock Holmes” thinking hat on. IF, the American public ever found out that the Wall St crowd was guilty of “fraud in the de-factum” and that they virtually lied to us and stole our money, there would have been chaos, riots and bombings on Wall St.

Why would the attorneys tell the courts that they did have possession of the notes, and in the same breath, petition the courts to accept the “lost note affidavits”? Don’t you realize that when the note was securitized, it was taken out of circulation. If, you borrowed your brother-in-law $25,000 and you made him sign a note. Don’t you think that the note would have to be witnessed and notarized?

You could not collect on that note in a court of law without proving that his signature was his legal signature. So, when you signed your mortgage note, the same thing happened. IT WAS Notarized. Now, here is the catch. When your note was transferred or sold to another investor, the original lender MUST endorse the back of the note to that investor and this transfer of ownership of the note MUST have been recorded in the courthouse with the Registrar of Deeds.

Many of these notes were never recorded once they began to be transferred into these trusts. Now, you tell me, how in the hell, anyone that was an investor into these trusts is going to prove which mortgage they owned. That is virtually an impossibility. Hence, no one knows who the investor is and no one wants to reveal who they are. A lot of greed surfaced and I don’t know if and when we, the American public will ever be told the truth. I personally believe that ALL politicians were aware of this and either kept their mouth shut or looked the other way.

Is any of this article true? I leave it up to you to do your own detective work, as this is my opinion and I have had many folks in the financial field, simply shake their heads and say, “Regis, you are right on track”.

Regis P Sauger

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