decision

Are falling interest rates and home prices changing your home-buying strategy?

If you recently made that decision or are currently thinking it over, the Times would like to speak with you.

Best credit cards after bankruptcy in 2023

Rebuilding credit after bankruptcy takes time, but credit cards can help. Here are five of the best credit cards to get after bankruptcy.Rebuilding credit after bankruptcy takes time, but credit cards can help. Here are five of the best credit cards to get after bankruptcy.

The post Best credit cards after bankruptcy in 2023 appeared first on Money Under 30.

Here’s How to Close the Gender Gap in 401(k) Plans

Women are more likely to join a 401(k) plan, but men save more.

eMortgage, CRM, Cybersecurity, Analytics, Compliance Tools; More Correspondents Exiting, Lender and Investor Updates

“Where can you always find money? In the dictionary.” Plenty of lenders and finding the money to buy other companies while smaller ones are looking for the right buyer. Eat or be eaten seems to be the name of the game as lenders hungry for production are courting other lenders. Some just get out of the game entirely. (See lender and investor section below.) Cutting costs and being efficient continue to be of paramount importance regardless of plans for the future. Is the credit process cost effective and efficient? Yesterday I mentioned changes in the credit world and received, “Rob, when will companies learn that there are ‘too many snouts in the credit trough’? There’s Fair Isaac, the Bureaus, and the credit resellers. It is not a level playing field, and now, like the old days of having different gfees for different lenders, lenders are slotted into ‘tiers’. In the next few years, we’ll be moving from a tri-merge environment to a bi-merge environment. Regardless of what comes our way, the overall construct of this portion of our business is shaky.” Editor’s note: “Shaky” is not good in this environment. (Today’s podcast can be found here and this week’s is sponsored by SimpleNexus, an nCino company and homeownership platform unites the people, systems, and stages of the mortgage process into one seamless, end-to-end solution that spans engagement, origination, closing, and business intelligence. I go on today’s podcast to talk with Robbie about the industry ramping up mortgage travels and how mortgage market cycles have historically played out.)

The New Financial Costs of Getting an Abortion

With the overturning of Roe v. Wade, the costs associated with getting an abortion (travel, lodging, child care, etc.) are expected to rise.With the overturning of Roe v. Wade, the costs associated with getting an abortion (travel, lodging, child care, etc.) are expected to rise.

The post The New Financial Costs of Getting an Abortion appeared first on Money Under 30.

Ask the readers: How do you know when your car is dead?

Earlier this month, I shared a link to a comprehensive guide to certified pre-owned vehicle programs. In doing so, I mentioned that Kim and I both believe that you should drive a car until it dies. This prompted a great question from Tired Scientist in the comments. She wrote:

Exactly what is the definition of “until it dies”? My husband and I have gone around and around on this question ourselves. We both believe in driving a car “until it dies”, but disagree slightly on the definition of this–because, unlike with the human body, almost all problems on a car are fixable given enough money.

[…]

When is a car considered “dead”? When the cost of repairs exceed the value of the car? When the average monthly cost of repairs exceeds the amount a car payment would be? Is my husband right, and the car is “dead” once it tries to make you dead?

I’m not sure there’s any one right answer to this question. There are several ways to decide that a car is dead, and it’s up to you to decide which definition applies to you. Let’s look at a decision I made recently — then talk about what other people think.

My Mini Cooper

In April 2009, after years of wanting one, I bought a used Mini Cooper. I paid $15,600 to purchase a 2004 Mini with 60,000 miles on it. I’ve had that vehicle for over eight years now, and I’ve put another 75,000 miles on it. In that time, I’ve spent less than $1000 on repairs — until recently.

I love my Mini. I love how compact it is. I love its fuel economy. (It still gets over 30 miles per gallon even at this age!) I love how fun it is to drive. And I love how reliable the car has been despite not always being treated well. During our 15-month RV trip around the U.S., Kim and I towed the Mini behind the motorhome — and we used it for the kinds of off-road adventures that Minis were never intended to have.

That said, my Mini has started to show its age. Parts that are expected to wear out have begun to wear out. Plus, problems have begun to appear.

Two weeks ago, for instance, the car died while climbing the 16% grade near our house. The clutch went up in a cloud of stinky, stinky smoke. When I had the car towed to our mechanic, he found evidence that the transmission was failing. “It’ll cost about $1600 to fix the clutch,” he said. “And I found a used transmission I could install for about $1900.”

As much as I love my Mini, $3500 is a lot of money to put into repairs for an older car. In fact, that’s nearly as much as the car is worth! (According to the Kelley Blue Book website, my 2004 Mini Cooper is worth roughly $3741 if I were to try to sell it to a private party. It’s worth much less in dealer trade-in value.)

I had a decision to make: Do I scrap the Mini and buy a replacement? Or do I make the repairs and continue to drive an older car?

Anthony Hsieh steps down as loanDepot’s executive chairman

Amid a battle with the board of directors, loanDepot’s founder Anthony Hsieh is stepping down as executive chairman.

Smart Money: Student Debt Cancellation at the Supreme Court

Get the rundown on whether debt cancellation is likely to be upheld and when you might have to restart payment on your student loans.