Archive for the 'Economic News' Category
Writing off a tax loss on a franchise
Before determining the amount of tax loss on a franchise, make sure to amortize.
Men marrying richer wives
Among the trends of the wealthy, there's an economic battle of the sexes emerging.
FHA Raises Down Payments, Premiums Amid Mortgage Delinquencies
FHA Raises Down Payments, Premiums Amid Mortgage Delinquencies Jan. 20, 2010, Bloomberg News The Federal Housing Administration is raising insurance rates and tightening credit-score rules to combat a rise in delinquencies, making a government-guaranteed...(read more)
HUD Moves to Speed REO Sales
HUD Moves to Speed REO Sales DSNews HUD Secretary Shaun Donovan has announced a temporary policy that will expand access to Federal Housing Administration (FHA) mortgage insurance for the purchase of foreclosed homes. Donovan says themove will accelerate...(read more)
Treasury Dept. says loan modification picture is improved
Here's relevant news for January 18, 2010. Treasury Dept. says loan modification picture is improved Jan. 16, 2010, Los Angeles Times After a month of intense pressure on banks and other mortgage servicers, the Obama administration on Friday reported...(read more)
Bank Of America: Over 20,000 Mortgage Modifications Processed
Bank Of America: Over 20,000 Mortgage Modifications Processed The Wall Street Journal Bank of America Corp. (BAC) said it finished processing and underwriting more than 20,000 additional mortgage modifications under the government's Home Affordable...(read more)
2009 foreclosures hit record high
2009 foreclosures hit record high MarketWatch CHICAGO — The number of U.S. residential properties receiving at least one foreclosure filing jumped 21% in 2009 to a record 2.82 million, RealtyTrac, an online foreclosure marketplace, reported Thursday...(read more)
Record Foreclosure Activity in 2009 Could Have Been Worse
A record 2.8 million U.S. properties received foreclosure notices in 2009, up 21 percent from 2008 and up 120 percent from 2007, according to the RealtyTrac 2009 Year-End U.S. Foreclosure Market Report , released Thursday. But as bad as that sounds, RealtyTrac...(read more)
U.S. Subpoenas 15 FHA Lenders With High Mortgage Defaults
U.S. Subpoenas 15 FHA Lenders With High Mortgage Defaults Bloomberg The U.S. Housing and Urban Development Department said it subpoenaed 15 mortgage companies today to seek out possible fraud in an effort to stem losses on loans insured by the Federal...(read more)
What is the current national average in foreclosure rates?
What is the most recent national average foreclosure rating? Read More......(read more)
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