Today is the official due date for federal income tax returns in the United States. It’s also the due date for the first quarter of estimated taxes for those of us who are self-employed or run small businesses. Thus, for a lot of us, April 15 is the most…
From the Fed: Industrial production and Capacity Utilization Industrial production edged up 0.1 percent in March and increased at an annual rate of 7.8 percent in the first quarter. Manufacturing output rose 0.9 percent in March, led by widespread gains among durable goods industries. Factory production was likely held down…
From RealtyTrac: Foreclosure Activity Increases 7 Percent in First Quarter RealtyTrac® … today released its U.S. Foreclosure Market Report™ for Q1 2010, which shows that foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 932,234 properties in the first quarter, a 7 percent increase from…
The following report is from housing economist Tom Lawler: In a House Financial Services Committee meeting today on “Second Liens and Other Barriers to Principal Reduction as an Effective Foreclosure Mitigation Program, spokespersons from BoA, Citi, JPMorgan Chase, and Wells Fargo explained the potential dangers of broad principal reductions, as…
The English version of the Black Report on the Iceland bank failures was released today. It has it all – regulatory capture, oblivious politicians, shadow banking, loans to shareholders to buy shares and more. (ht Steinn) Here is the website with the English version. The following graph is from Chapter…
From Treasury: Administration Releases March Loan Modification Report About 228,000 modifications are now “permanent”, and 155,000 trial modification cancelled. There is still a huge number of borrowers in limbo. If we add the 228,000 permanent mods, plus 155,000 cancelled, and the 108,000 pending permanent mods that is only 491,000 borrowers…
AEI — This is the seventh installment of AEI’s “Deflating Bubble” lectures. (Click for entire Video , excerpt [14:20] is below)
Read more here – Roubini on AEI Panel – The Deflating Bubble, Part VII: Is It Over?
Homeowners or heirs to the property may reverse a reverse mortgage. The loan balance with accompanying service fees must be paid to the lender. Reversing a Reverse Mortgage Homeowners may end a reverse mortgage at any time during the loan agreement. The mortgage balance and any service fees and…
For those contemplating a reverse mortgage, how to get the most money from that reverse mortgage is a top priority question. Here are some things to consider. How Does My Age Affect How Much Money I Can Get For My Reverse Mortgage? To obtain a reverse mortgage in the…
What Is The Best Way To Manage My Reverse Mortgage? Read here for ways you will need to manage your reverse mortgage after funding. A very popular financial product for many senior citizens is a reverse mortgage. A reverse mortgage is beneficial to retired people because it does not…