President reiterates his objection to a proposed change to help homeowners in bankruptcy and the creation of a $4 billion fund to let agencies buy foreclosed homes.
President Bush said Thursday that he opposed the foreclosure prevention legislation that Senate Democrats have introduced.
“The Senate is considering legislation that would do more to bail out lenders and [...]
Archive for February, 2008
Housing bill will ‘bail out lenders’ – Bush said
Posted in Real Estate, tagged bridges to hope foundation, foreclosure, Real Estate on February 29, 2008 | Leave a Comment »
Rebates for seniors: The next steps
Posted in Taxes, tagged bridges to hope foundation, Taxes on February 29, 2008 | Leave a Comment »
Low-income seniors, many of whom ordinarily don’t have to file with the IRS, will need to file tax returns to claim their checks.
The decision to add 20 million seniors to the ranks of Americans who’ll get rebates as part of the economic stimulus plan was in the end an easy one to make.
Getting the rebates [...]
10 sure-fire tax breaks
Posted in Taxes, tagged bridges to hope foundation, Taxes on February 29, 2008 | Leave a Comment »
Beat the tax man with these valuable deductions, credits and exemptions. What you need to know before you file.
Are you cross-eyed trying to figure out which tax breaks you can take this year?
You’re not alone. And we have Congress to thank for it.
The income tax code – 1.3 million words long, or well more than [...]
Homeowners: Can’t pay? Just walk away?
Posted in Real Estate, tagged bridges to hope foundation, Real Estate on February 29, 2008 | Leave a Comment »
More and more borrowers are watching their house values sink while the cost of their loans skyrockets. What to do? Skip out on the mortgage all together.
Mortgage payments are set to jump. Home prices have plunged. “I’m outta here.”
Homeowners are abandoning their homes and, more importantly, their mortgages, rather than trying to keep up with [...]
Foreclosure prevention plan under attack
Posted in Real Estate, tagged bridges to hope foundation, foreclosure, Real Estate on February 29, 2008 | Leave a Comment »
Lenders trying to derail legislation that would allow bankruptcy judges to reduce mortgage balances for home owners.
Two bills before Congress would give bankruptcy court judges the authority to reduce mortgage debt, which could save thousands of borrowers from foreclosure.
Lenders are furious at the prospect of having judges seize control of their mortgage portfolios. Community and [...]
The dollar’s recent resilience to weak U.S. data suggests markets may have fully priced in expectations of a struggling U.S. economy.
Posted in Investments, tagged bridges to hope foundation, Economy, invetsments, www.bthf.org on February 28, 2008 | Leave a Comment »
What are your thoughts on the dollar? The dollar’s recent resilience to weak U.S. data suggests markets may have fully priced in expectations of a struggling U.S. economy. Against the euro, do you think the dollar has bottomed out?
The dollar has depreciated a long way. But I’m not convinced that the decline is yet over. [...]
What are the top growth countries you should invest in?
Posted in Investments, tagged bridges to hope foundation, Economy, invetsments, www.bthf.org on February 28, 2008 | Leave a Comment »
China and India are by far the biggest current and potential drivers of economic growth and change in the world for the next quarter century. Those two countries alone are a third of the world’s population. Technology is increasingly transportable around the world. Communications are instantaneous. China began periods of economic reform in 1978 to [...]
The value of the U.S. dollar is sinking world-wide.
Posted in Investments, tagged bridges to hope foundation, Economy, invetsments, www.bthf.org on February 28, 2008 | Leave a Comment »
Real estate values are plunging nationwide for the first time in U.S. history.
Millions of homeowners have already lost their homes. And millions more are now facing huge increases in their monthly payments as their Adjustable Rate Mortgages ratchet higher through 2008.
In response, the Federal Reserve is cranking up the printing presses … cutting interest rates [...]
Bernanke slams economy! What do to …
Posted in Investments, News and Events, tagged bridges to hope foundation, Investments, News and Events, www.bthf.org on February 28, 2008 | Leave a Comment »
Years ago, when Alan Greenspan warned of “irrational exuberance,” he did so with fire and brimstone. People paid attention. The stock market fell.
But yesterday, when Ben Bernanke issued a much broader warning — with far graver consequences — most folks on Wall Street didn’t seem to care.
Reason: They heard only what they wanted [...]
