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22 March 2009
Fannie Mae and Freddie Mac have come up with a plan that is much more in favor of borrowers, especially for second home owners and small investment properties, than what was proposed by the White House and Treasury earlier. The guidelines sent to lenders by Fannie and Freddie clearly states that second home and small rental [...]
Posted in Economy, Home, Insurance, Real Estate0 Comments
19 March 2009
Subsequent week, a newest offensive has been launched by Federal Reserve which is against the deterioration recession, aiming at customers and minor trades in what forecaster describes it as very ambitious crisis lending program so far. This newest accumulation made in the Fed’s series of program is called by its short form – TALF What is TALF Term [...]
Posted in Economy0 Comments
19 March 2009
The Treasury Department is going to buy up till fifteen billion dollars in securities which have been backed by Small Business Administration advances in the attempt to liquefy the inferior market for the SBA loans. This step was taken so that it helps increasing the SBA loans that are given to the smaller companies which may [...]
Posted in Economy, Saving & Investing3 Comments
17 March 2009
US President, Barack Obama’s government is keen on encouraging the use of alternate energy, the only way to tackle the excessive carbon emission is by legislatively floating “cap and trade” system. As part of this, he signed a $787 billion stimulus plan on Feb.17. One of the agenda of this American Recovery and Reinvestment Act of [...]
Posted in Energy0 Comments
12 March 2009
President Barack Obama unveiled a $75-billion housing foreclosure plan late last month to heal the ailing economy. He called on banks that accept federal aid to grant up to a 90-day moratorium on foreclosures for families making a genuine effort to pay their mortgages. This should hopefully give the people some encouragement and breathing room [...]
Posted in Economy, Home, Insurance, Real Estate0 Comments
03 March 2009
The intent behind Obama’s stimulus package on Child Tax Credit 2009 is to reduce child poverty cases across US. Child Tax Credit is a partly refundable federal income tax credit, where an individual taxpayer can have a refund up to $1,000/child (who needs to be below 17). Child Tax Credit 2009 has been designed in [...]
Posted in Economy, Saving & Investing1 Comment
01 March 2009
President Obama vowed to be anti – earmarks during his election campaigns. However, all of that changed in Washington on Wednesday when the omnibus spending bill of $410 billion was passed by the House. Surprisingly, it has been stocked with 9000 pet projects recommended by both the Democrats and the Republicans together. The bill was passed [...]
Posted in Economy0 Comments
26 February 2009
A $75 billion plan has been announced by President Obama on February 18 which aims at stopping the foreclosure of homes. This bill, called the Homeowner’s Stability Initiative (HSI) will help around 7 to 9 million Americans who are facing foreclosures by restructuring or even refinancing their mortgage. Because of the economic crisis in America [...]
Posted in Home9 Comments
23 February 2009
There is good news for those of you in California who are planning to buy a new home as well as for the builder’s community who are battling great slump in the real estate sector. Last week California Lawmakers approved $10,000 Tax credit for home buyers in an effort to give impetus to the state’s recession [...]
Posted in Home, Real Estate, Saving & Investing6 Comments
22 February 2009
The much awaited New Economic Stimulus Package (Second) has been passed by the Obama administration to battle the current economic downfall. With unemployment at its highest level in a quarter of a century, the banking industry is in crisis despite the bailout money given to the sector and the whole economy facing its worst crisis [...]
Posted in Auto, Banking, Economy, Home, Insurance, Jobs, Medical, Real Estate0 Comments
