Wells Fargo Stops Offering 2/28 loans

Wells Fargo has quit offering 2/28 loans, one of their most popular subprime products. A 2/28 loan had a fixed interest rate for the first two years and an adjustable rate (which could be adjusted twice per year) for the remaining 28 years if the loan was not refinanced. These loans made up 65% of the subprime mortgage loans. Other companies such as Countrywide, Washington Mutual, First Franklin, and Option One Mortgage have also followed suit.

Use Your Email to Filter out Scams

Several times per week, my email contains "Nigerian Scam" offers, and emails related to other types of scams. An easy way to get rid of that email without reading it is to set a filter so that it is automatically deleted. Simply open your google email. Next to the search box is a link which says "Create a Filter". When you click on that link, you get a box which says "Choose Search Criteria". The first choice in that box says "From". Type the country codes for the country from which you do not want to receive email. Click on "Next Step" and check the box marked "Delete It". For a list of country codes follow this link.

Dateline to Catch and ID Thief

Dateline NBC rebroadcast its "To Catch An Id Thief" episode. If you mised it you can see the internet version here. http://www.msnbc.msn.com/id/17822386/