Freddie Mac Short Sales Increase

Stock Trader Talking about De-Listing Fannie Mae & Freddie Mac Stock

According to Freddie Mac quarterly reports, Freddie Mac’s total losses were reported $84.4 Billion Dollars. The losses forced a directive from Freddie Mac’s conservator, the Federal Housing Finance Agency to de-list Freddie Mac’s and Fannie Mae’s common stock from the New York Stock Exchange. Ed Haldeman, Freddie Mac’s CEO said the number of Freddie Mac… Read More

US Tax Dollars pay prison inmates over $9M in Homebuyer Tax Credits

Hundred Dollar Bills

US Tax Dollars pay prison inmates over $9M in Homebuyer Tax Credits According to Treasury Inspection General for Tax Administration (“TIGTA”) “Additional Steps Are Needed to Prevent and Recover Erroneous Claims for the First-Time Homebuyer Credit. “A breakdown in fraud controls allowed prison inmates to apply for and receive $9.1 million in homebuyer tax credits… Read More

New Life in the Tax Credit Extension – Revival by the Senate – Obama to Sign

Tax credit extension Deadline

Following the third unsuccessful attempt by Senate Majority Leader Harry Reid (D-Nevada) who proposed the extension, President Obama is now expected to sign the bill to extend the First Time homebuyers tax credit to September 30, 2010. The bill was previously entangled in a larger jobs bill. Once the tax credit extension was removed from… Read More

4th of July Celebration – Downtown Willow Glen – San Jose Ca

American Flag-4th of July

The Willow Glen Farmer’s Market is an ongoing event from May 8, 2010 through October 30, 2010. It takes place every Saturday from 9:30 am – 1:30 pm. Be sure to attend this Saturday, July 3, 2010 to pick up some locally grown freshness for a festive 4th of July celebration and traditional BBQ. July… Read More