Welcome to Ilyce Glink's blog! Here you'll find Ilyce's latest insights on personal finance advice, real estate advice and consumer issues. Come back often for timely and interesting posts on a wide variety of topics.
The Federal Reserve Bank dropped its key Federal Funds rate by a half percent today. It's the first drop in 4 years.
Guess they're officially more worried about a recession than inflation.
Published: Sep 18, 2007
Topics: interest rates
The IRS announced today that it has posted a special web section (www.irs.gov/newsroom/article/0,,id=174034,00.html) at its website for homeowners who lose their homes to foreclosure.
What many people don't find out until it is too late is that selling your home for less than the amount you owe on…
Topics: foreclosure, capital gains, taxes, IRS, tax deduction, income tax
Much of the mortgage crisis comes back to personal responsibility. In the heat of the moment, buyers rushed out to purchase homes they really couldn't afford. In some cases, those in the mortgage industry may have sweet-talked them into thinking they could afford their loans. Agents earned their…
Topics: mortgage, mortgage loan, mortgage lenders, first time home buyer, mortgage fraud, credit crisis, home buying
It looks like the mortgage crisis isn't being contained to the U.S.
There was news today that the United Kingdom's central bank, the Bank of England, extended an emergency line of credit to Northern Rock, one of the UK's largest mortgage lenders, reported the Washington Post. This caused some…
Topics: mortgage, housing market, real estate market
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