Tag Archives: retirement funds

Lender Sued For Mortgage Modification Promises

Arizona and Nevada Attorney Generals accuse Bank of America of engaging in misrepresenting its mortgage modification programs. According to the these two states, Bank of America promised borrowers they would not be foreclosed on if they worked their mortgage modification … Continue reading

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Not Much Sense In Paying Off Early A Low-Rate Mortgage

It’s better to use that money to develop a nest egg for emergencies. Mortgage debt is also tax deductible. The Los Angeles Times says: But you need to consider more than potential investment returns when deciding to prepay a mortgage. … Continue reading

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More Americans Taking Out Reverse Mortgages

Economic tough times makes senior citizens more open to taking out these mortgages. The general view of reverse mortgages is becoming more positive. Due to the stock market plunge, many people are seeing their retirement accounts wiped out. Report: BOSTON … Continue reading

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New Mortgage Rescue Plan

Pundits are still talking about last week’s Alan Greenspan and Sheila Bare testimony. Politicians want to jig up a new mortgage rescue plan. Anything to reduce foreclosures, which drag down home prices, which lead to more foreclosures. It’s a vicious … Continue reading

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The Mandatory Stock Sale

Report: LA CROSSE, Wis. — John McCain proposed Friday that the elderly be allowed to hang on to the stocks in their retirement funds and not be forced to sell them in a bad market. The Republican presidential candidate would … Continue reading

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Seeking Details On The Bail-Out

From the Washington Post: The U.S. Treasury plans to ask Congress to approve a plan to spend hundreds of billions of dollars to buy struggling firms’ mortgages. The announcement, and another pledging guarantees for money-market mutual funds, sent the stock … Continue reading

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