Archive for January, 2010

New IRS Refund Tax Forms For First-Time Homebuyers And Repeat Homebuyer Tax Credit

01/26/2010
By

The $8,000 first-time homebuyer tax credit and the $6,500 repeat homebuyer tax credit are still available and people are still taking advantage of the offer on purchasing homes, but due to abuse of the program by various mortgage dealers there is a new procedure to take advantage of the tax credit. First-time and repeat...
Read more »

Posted in Banking/Finance | Comments Off

Refinancing For 30-Year Fixed Rate Mortgage for Less Than 5% May Help Save Homes From Foreclosure

01/25/2010
By

Many homeowners are looking to refinance with such low interest rates to be had and the fact that refinancing to a 30-year fixed rate mortgage may lower monthly mortgage payments. This can be the case for some, but if you are struggling with your monthly mortgage payment refinancing to a 30-year fixed rate mortgage...
Read more »

Posted in Banking/Finance, Loan Modification | Comments Off

Bank of America Small Business Loans—Can Big Lenders Help The Unemployment Problem?

01/25/2010
By

Small business loans are key for both starting and maintaining small businesses and lenders like Bank of America are being called on to loosen their lending practices so small businesses can grow and unemployment can be combated. Bank of America reported a loss in the fourth quarter of 2009 and many believe trouble collecting...
Read more »

Posted in Banking/Finance, Business, Unemployment | 1 Comment »

JP Morgan Chase Small Business Lending Can Help Jumpstart The Job Market In 2010

01/25/2010
By

JP Morgan Chase has done well compared to other big lenders over the past year and many are looking to them as a source of small business lending in 2010.  Many people who are unemployed are looking to big lenders to help small businesses, which is said to be a major solution to the...
Read more »

Posted in Banking/Finance, Business, Unemployment | 2 Comments »

Unsecured Small Business Loans—Will They Help Businesses And Unemployment?

01/25/2010
By

Small businesses obviously need capital to run and maintain a certain standard of operation, and in the past unsecured small business loans have been a source of that capital.  Also, small businesses are needed to combat unemployment and make more jobs available for those who are seeking work. The problem seems to be that...
Read more »

Posted in Banking/Finance, Business, Unemployment | 2 Comments »

CitiGroup Cites Loans As Source Of Losses; Will They Still Make Small Business Loans To Create Jobs?

01/25/2010
By

CitiGroup reported a loss for the final quarter in 2009 and cited the source of those losses as lending gone bad.  Consumer lending is said to have been a major problem for CitiGroup and the question of if they are going to be party to the call for small business lending in 2010 remains...
Read more »

Posted in Banking/Finance, Business, Unemployment | 3 Comments »

Job Creation Bill; Why Home Loan Modification Program Can’t Work With High Unemployment

01/25/2010
By

A new job creation bill is being formulated in Congress, which includes various tax breaks, that is hoped to cause job creation to rise and unemployment to drop. The unemployment problem has reached to all areas of the economy but arguably unemployment has had the greatest impact on homes. The home loan mortgage modification...
Read more »

Posted in Loan Modification, Unemployment | 2 Comments »

Obama Home Loan Mortgage Modification Foreclosure Prevention Program—New Rules Could Help, Hurt Some Homeowners

01/25/2010
By

In a report from cnnmoney.com it’s stated that the coming week will bring new guidelines for the Obama home loan mortgage modification foreclosure prevention program, which could be good news for some homeowners but bad news for others. The Treasury Department has informed all lenders involved with the Home Affordable Modification Program, or HAMP,...
Read more »

Posted in Loan Modification | 4 Comments »

Making Home Affordable Home Loan Mortgage Modification—Why Are Homeowners Not Getting Modifications?

01/25/2010
By

The Making Home Affordable home loan modification program has caused many to question the value of such a venture and it has given others hope in a time where it seems average American’s are struggling just to meet basic necessities. The reasons behind the program have been both criticized and praised.  The Making Home...
Read more »

Posted in Business, Loan Modification | 3 Comments »

Wells Fargo Small Business Loans, Small Business Credit Cards Can Provide Small Business Growth

01/25/2010
By

Wells Fargo is still providing small business loans and small business credit cards in spite of economic hardships and many lenders slowing their lending to small businesses. Wells Fargo reported profits for the fourth quarter in 2009 and expects to have continued success for 2010, so small business owners are wondering if Wells Fargo...
Read more »

Posted in Banking/Finance, Business | Comments Off