Home Loan Modifications Encouraged By Federal Regulators
Federal Financial Regulatory Agencies Issue Statement In Support of the “Making Home Affordable” Loan Modification Program
The federal bank, thrift, and credit union regulatory agencies encourage all federally regulated financial institutions that service or hold residential mortgage loans to…
Financial Crisis Testimony From Secretary Geithner March 3, 2009
U.S. Treasury Secretary Tim Geithner Written Testimony -- As prepared for delivery House Ways and Means Committee Hearing March 3, 2009
Chairman Rangel, Ranking Member Camp, members of the Committee, thank you for providing me the opportunity to appear before you today to discuss the President's…
First Time Home Buyer Tax Credit For 2008 And 2009
If you bought a home in 2008 or plan to buy one in 2009, before December 1, you'll be able to benefit from a federal income tax credit of up to $8,000. If you're married, filing separately, you can claim up to $4,000.
The Treasury Department and the Internal Revenue Service announced the tax credit…
Loan Modification Did Not Prevent Foreclosure In 2008
On Feb. 24, Joseph Evers, the deputy comptroller for large bank supervision at the Office of the Comptroller of the Currency, testified before the House Committee on Financial Services about mortgage performance data. The OCC and the Office of Thrift Supervision, two of the federal government's…
Today On The Ilyce Glink Show, February 22, 2009
Good morning! Here's what we're talking about on today's Ilyce Glink Show:
Unemployment rolls soar to 5 million. A record number of laid-off people are now receiving unemployment benefits at the same time. Last week, new jobless claims hit 627,000.
Wholesale inflation prices surged unexpectedly in…
Homeowner Affordability And Stability Plan: Q&A From HUD
The Department of Housing and Urban Development (HUD) released this Q&A about the Homeowner Affordability and Stability Plan, which was announced by President Obama on Wednesday, February 18, 2009.
Here are some answers to most-asked questions about the plan:
Questions and Answers for Borrowers about…
Arizona: Epicenter of the Housing Crisis
If you want to know why Obama picked Arizona to annouce the Homeowner Affordability and Stability Plan, take a look at these statistics that were compiled by the White House and released in a media briefing plan. (Sourcing is noted at the end of respective paragraphs.)
Arizona jobs, unemployment and…
Homeowner Affordability And Stability Plan: Who Gets The Help?
There has been a lot of grumbling (particularly on CNBC this morning when Rick Santelli took a poll in the pit as to who would want to pay for someone's housing mistakes) about people getting helped who don't deserve it.
Yesterday, the White House released these three examples of who might be able to…
Questions And Answers About Obama's Homeowners Affordability And Stability Plan
Here's what we received in media briefing papers from the White House:
Homeowner Affordability and Stability Plan Executive Summary
The deep contraction in the economy and in the housing market has created devastating consequences for homeowners and communities throughout the country.
Millions of…
Special TAX Show From 9am To 11am Eastern On WSB Today
We're talking tax this morning. My tax experts are:
Bill Nemeth, currently president of the Atlanta Metro chapter of the Georgia Association of Enrolled Agents. He and Merry Brodie, an accountant and EA, are married and you can find him at WGnemeth@aol.com.
Chet Burgess, EA and currently state…
