Fake check scams have made victims out of 1.3 million adults, with an average loss of $3,000 to $4,000 per consumer. With billions of dollars at state, the Consumer Federation of America is launching a national campaign to combat fake checks.
According to a survey conducted for CFA, the most common…
FHA Eligible Mortgage Lenders And Brokers
Federal Housing Administration (FHA) loans have very specific rules and regulations. Are mortgage lenders eligible to originate loans if they also have a real estate license, like from a previous career? We talked to a spokesman from the FHA and did a little digging in the FHA handbook to try to…
Beware of IRS’ 2009 “Dirty Dozen” Tax Scams
As that April 15 tax deadline edges closer and closer, the IRS has released a list of top tax scams to watch out for. Whether you've already sent off your return or you're one of the last minute filers, make sure you don't get trapped by any of these scams:
Beware of IRS’ 2009 “Dirty Dozen” Tax Scams…
First $2,400 Of Unemployment Benefits Will Be Tax Free In 2009
WASHINGTON — All or part of unemployment benefits received in 2009 will be tax free for many unemployed workers, according to the Internal Revenue Service.
“This morning we learned that a record 5.6 million people were receiving unemployment benefits in the middle of March. This underscores the need…
How to Maximize the $8,000 First-Time Home Buyer Tax Credit
IRS Doesn't Renew Private Debt Collection
It used to be if you owed the federal government back taxes you'd be contacted by either the U.S. Internal Revenue Service itself or a private debt collection agency.
Going forward you will only be contacted the IRS. Citing a cost effectiveness review, the IRS announced today that it isn't renewing…
David Moffett, CEO of Freddie Mac, announced his resignation today.
Freddie Mac is one of the two government sponsored entities that buys mortgages from lenders. Lenders rely on Freddie Mac and Fannie Mae to buy these mortgages to get more money to make additional loans.
Moffett said he wants to get…
IRS Wants To Give You A Refund From 2005
Do you ever stick your hand into the pocket of a pair of jeans you haven’t worn in a while and find a long-forgotten $20 bill? I think it’s absolutely one of the best feelings in the world. It’s already your money. It’s not like you earned anything extra. It’s just the feeling of, “Surprise! Free…
Some Additional Resources For Annuities
Here are some additional resources for annuities:
Here are some resources to help you figure out whether you should invest in annuities, and if so, how:
www.immediateannuities.com
Provides instant quotes for monthly payouts from immediate fixed annuities.
www.longevityalliance.com
Provides an explanation…
A recent survey commissioned by AARP found that 79 percent of baby boomers want to stay in the home they are currently living in.
Less than 10 percent say they think they won't be able to stay in their home.
Still 26 percent say they expect to move, likely to a single-level home for comfort or…
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