In midst of nation’s financial crisis a ray of hope has emerged with Barack Obama being elected as the nation’s 44th President.

Family plays an important role for the financial stability of a home. It's the responsibility of every member of the family to support each other in tackling debt for a comfortable future as well as present.

Federal government created Hope for Homeowners (H4H) program to help those struggling homeowners who are facing difficulty with their mortgages by refinancing their loan into FHA insured mortgages they can afford.

The Act was passed by the Senate 74-25 on Wednesday, October 1, and by the House of Representatives 263-171 on Friday, October 3 and President George W. Bush signed the Act into law on October 3.

A September 2008 Research by Alison Shelton of AARP's Public Policy Institute shows homeowners age 50 and over have been significantly affected by the mortgage crisis.

HUD Secretary Steve Preston today allocated a total of $3.92 billion to all states and particularly hard-hit areas trying to respond to the effects of high foreclosures.

With the rejection of the $700 billion bailout bill for troubled financial institutions from the House of Representatives, all are looking forward for the next possible step that can be taken by the U.S. Treasury Department to sort the U.S. financial cris

Most financial planners agree that having an emergency fund for a rainy day is the first step in a sound financial plan.

Treasury Secretary Henry Paulson on Tuesday presented his testimony before the Senate Banking Committee on the proposed $700 billion U.S. financial market bailouts.

According to Freddie Mac Primary Mortgage Market Survey released yesterday the 30-year fixed rate mortgage rates fell for a fifth straight week to its lowest level since February 2008.