Today's twentysomethings are straining under the weight of college and other debt, a crushing load that separates them from every previous generation. USA TODAY has chosen five young people from across the country to match with financial planners. Those planners will offer advice that will be valuable to other young people in debt, too.
This story appeared in the Antelope Valley Press on Wednesday, November 22, 2006. SACRAMENTO - According to third-quarter national housing affordability ratings, 28 of the top 50 least affordable metropolitan areas in the nation are in California.
Take the popularity of adjustable-rate mortgages, add a slowing housing market, a dose of high energy costs and, in some parts of the country, high unemployment, and what do you get?
In previous episodes of “Banks and Bubbles” we witnessed Bank of America buying a huge credit card company at the peak of the consumer credit cycle and Wachovia plunging into California mortgage lending just as the state enters a housing depression.
Adjustable rate mortgages are the biggest reason that Pueblo has one of the highest mortgage foreclosure rates in the nation, says one local housing loan specialist. Rita Godfrey works one-on-one with clients at NeighborWorks of Pueblo, a housing revitalization agency that promotes home ownership in Pueblo. Last year, Godfrey helped 130 families purchase their first home. She also works
