What is the difference between Collateralized Mortgage Obligations and other mortgage backed securities?

Rich P asked: How do CMO’s differ from any other mortgage-backed bundles? I know fannie mae finances primarily by selling the latter, so what is the benefit in CMO’s in comparison to them?

What is used to calculate the 31% for mortgage restructuring?

Josh L asked: What is used to calculate the 31% for mortgage restructuring?
My actual mortgage payment is less than 31% of my monthly income, however, my mortgage plus escrow is greater than 31%. Which counts?

Saving money without even trying!

Thanks to Martin Lewis the money saving expert I have saved no end of money over the past couple of years not to mention all the free meals!

In the article “Money back from our insurance companies anyone?” Martin has once again come up trumps with how to get some money back of the insurance companies. [...]

Ready set go! An insurance company that’s quick to pay out!

Who’s not heard about Usain Bolt, the world’s fastest man who’s had the world’s fastest insurance settlement? According to the article “Jamaican gold athlete receives record payout!” following a rather nasty accident the charismatic Jamaican athlete Usain Bolt put in a claim on his insurance and got it paid out within eight working days!

The insurance [...]

Get your ‘peace of mind’ insurance here!

We have Glastonbury, Isle of Wight, V, RockNess, Latitude and many more here in the UK but not to be forgotten are the big music festivals going on this summer in Europe!

According to the article “When festival fun turns to carnival madness!” we need to be particularly cautious when it comes to the security of [...]

What happens to the mortgage on a house that is left to me in a will?

Lost in Massachusetts asked: A relative will be leaving me a house in their will. If there is a mortgage (home equity) on the house when they die, do I take over the mortgage? I intend on selling the house when it is left to me.

What is the best financial advisor firm to work for in South Florida?

erns798 asked: I am a recent college grad looking to work for a financial advisor firm.
Do you know anything about Edward Jones?
I am in Ft. Lauderdale

How do life insurance agencies make their profit?

Monica Sandler asked: I have a few questions here and thanks in advance.

Can anyone please explain how do life insurance agencies (or financial advisory agencies) make their profit?

Is that true that the life insurance companies are paying around 100% of total first year premium to the agents? How do the agencies split that with [...]

Consumer credit counseling programs vs Debt negotiation plans which is more beneficial for your financial situation?

Most folks are aware that we here in the the United States of America are trapped in the middle of a mind numbing recession.  Needless to say this is causing severe loss to many people.  There are an increasing number of foreclosures plus increased levels of unemployment.  To make matters worse credit card debt is [...]

Is it better to pay off student loans quickly?

angela923 asked: I’m graduating this June and I’m going to have about 30,000 canadian in student loans. I want to pay off my loans as quickly as I can even if it means sharing a room with someone. I’m planning to take at least 50% of my pay check to go into loans. So maybe [...]