It is time for the FHA and its supporters to put the interest of working-class families ahead of real estate agents and other interest groups who want to expand its abusive lending practices.
Sustainable growth requires banks to increase revenue steadily. We've seen we can't achieve this just by raising prices and by charging for what used to be free.
The FHA in its current form could not handle an emergency backstop role but would have a much better chance if moved out of HUD and combined with Ginnie Mae and the remnants of Fannie and Freddie.
Special credits, like accounts receivable financing lines, real estate construction loans or import-export lines, require experienced personnel because, while they may be quite profitable, they are inherently hazardous.
Loans with little or no down payment were the root cause of the recent financial crisis. The failure to save for health care and retirement is the root cause of the next financial crisis.
An important tax provision that allows underwater homeowners to short sell their home without tax consequences will expire at the end of this month. Earlier this year I wrote about this tax provision. You can review that article here: http://bit.ly/YuITHG. Briefly stated, any discharge of indebtedness is income that is subject to tax at the [...]
This week on The Broke and the Beautiful, Tim Durham can’t afford to appeal his fraud conviction, and Betsey Johnson has no plans to retire. Also, a museum dedicated to Wayne Newton is up for sale.
