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Social Lender Prosper Raises $17.2 Million; Should You Be Investing?

Prosper, a site that connects credit-worthy borrowers with investors today announced that it has raised $17.2 million. Is social lending for you and can earn the 10% plus returns advertised on the site?

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Should you Deposit Money With A Bank in Trouble? Image Image courtesy of Tuomas_Lehtinen at FreeDigitalPhotos.net

Should you Deposit Money With A Bank in Trouble?

If you find a bank in poor financial health that offers a competitive rate for CDs and savings accounts, does their poor financial health make the investment worth it?

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Peer-to-Peer Lending: Earn High Returns While Helping Individual Borrowers with Lending Club? Image Image courtesy of Stuart Miles at FreeDigitalPhotos.net

Peer-to-Peer Lending: Earn High Returns While Helping Individual Borrowers with Lending Club?

If you are seeking a higher APY on your investment, Lending Club is a social lending network that boasts an average rate of return of 9.64%. Additionally, they claim that every single investor who has diversified their club portfolio with 800 or more notes have earned a positive return on their total investment.

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PayPal Gets Competitors

If you want to send money to your friend or family member, you will soon have more options. Bank of America, Chase and Wells Fargo form a partnership to give PayPal a run for its money, and their partnership will soon include more banks as well.

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Housing Prices Drop to 2002 Levels - Approaching Bottom? Image Image courtesy of Stuart Miles at FreeDigitalPhotos.net

Housing Prices Drop to 2002 Levels - Approaching Bottom?

Housing prices continued their fall and are now at mid-2002 levels according to the Case-Shiller Housing Index. Looking at the data, it's appears that we are close to a bottom in the correction. First time home buyers, time to dive in.

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Should US Follow UK in Keeping Strict Mortgage Loan Criteria?

The United Kingdom has had similar mortgage problems that we have experienced. Should we follow their example to help us get out of the mess?

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NUVO Offers 2.02% APY on Growth Savings Account

Interested in a savings account that pays more than most CD rates? Balances up to $24,999 earn 2.02% APY with this online account.

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Nationwide: Not Just for Insurance Anymore

Nationwide is now "on your side" by offering a 1.05% APY money market account and CDs that pay up to 2.40% APY.

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American Express: Not Just for Credit Cards Anymore

The credit card giant now offers a 1.00% online savings account, with no fees and no minimum deposit. They also offer no-minimum deposit CDs.

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Tired of Carrying Around Your Wallet? Google May Have a Solution

Google announces Google Wallet, so that your phone can become your wallet - only smaller.

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Shorter Mortgage Terms are Becoming More Popular

Does a 15-year fixed rate mortgage sound better than a 30-year fixed rate mortgage? Sure it does! But can you qualify for a shorter term?

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Will Republicans be Successful at Raising FHA Down Payment?

The current down payment required for a FHA mortgage is 3.5 percent. What do the Republicans want to raise it to and why?

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Clear Sky Accounts Offer High APYs and Free Way to Track Spending

Do you want more than just a high interest rate from your online checking account? Online Clear Sky accounts, provided by Chesapeake Bank, offer MoneyTracker, so you know exactly where your spending is going.

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El Paso Area Teachers Federal Credit Union Offering 3.44% APY 60-Month CD

If you're lucky enough to live in El Paso, then you can become a member of El Paso Area Teachers FCU and open their 3.44% APY 60-Month CD. That's the best 60-month CD in the United States according to the BestCashCow database.

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Mark Haines, CNBC Anchor, Dies Unexpectedly

Mark Haines, the gruff, jocular CNBC anchor died unexpectedly in his sleep last night.

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