Insolvency after the 2005 Bankruptcy Reform Part 1

Via Liberty Street Economics. First of a two part series. By Stefania Albanesi, Jaromir Nosal, Zachary Bleemer, and Matthew Ploenzke Personal bankruptcy was introduced in the United States through the Bankruptcy Act of 1978. After passage of the act, bankruptcy rates rose steadily until 2005, when Congress passed the...

6 Steps to Boost Your Credit Score to Get a Mortgage

Many adults who pay rent might be able to afford mortgage payments, but switching from renting to owning is a process that requires planning and forethought. If you’re considering applying for a mortgage, one of the first things you want to pay attention to is your credit report and...