FHFA to permanently allow desktop appraisals: How can it make the mortgage process easier?

The FHFA made desktop appraisals, a hybrid appraisal tool that allows appraisers to perform a valuation without physically visiting the home, permanent. Here's how that benefits borrowers.

Social Security payments increasing significantly in 2022, new bill could send payments higher

The Social Security Administration is seeing some changes, including increased payments to go out in 2022. Now, members of Congress are introducing a bill to save the program and expand its benefits.

US salaries grew more last quarter than they have in 2 decades

The Labor Department said Friday that pay increased 1.5% in the third quarter. That’s up sharply from 0.9% in the previous quarter.

Online grocery retailers have hidden price markups, MIT study finds: How to save money on your food budget

Stocking your shelves with fresh groceries shouldn't be a financial burden. But with the rise of online grocery shopping, prices are becoming less predictable, according to a study from MIT.

LA to give $1,000 no-strings-attached monthly payments to families in new guaranteed-income program

The BIG:LEAP -- Basic Income Guaranteed: Los Angeles Economic Assistance Pilot -- program will give $1,000 in direct cash payments to families each month for 12 months. The no-strings-attached payments will be given to families who were impacted by the pandemic and are living in poverty.

Mortgage rates remain above 3%, but homeowners can still save by refinancing

Mortgage interest rates are continuing to increase, rising past 3% this week. But as rates rise, homeowners can still save through a mortgage refinance.

Things to think about when starting a family
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If you are thinking about starting a family, you might want to double-check your financial situation first.

Thanksgiving dinner may be more expensive as holiday staples in short supply

While most will likely be able to get their hands on a turkey for Thanksgiving this year, shoppers could be shelling out more cash for it as well as other holiday staples — largely due to supply chain bottlenecks.

US Treasury appoints 1st-ever counsel for racial equity

The Treasury Department has hired a former JPMorgan Chase executive to head a new government program aimed at combatting racial inequality issues in banking and other financial-services industries.