Types Of Bankruptcy

Deducting mortgage interest on an RV (Bankrate.com via Yahoo! Finance)   Even moveable homes, like RVs and boats, can take the mortgage interest tax deduction if they qualify, says CPA George Saenz.read more...


Sector Snap: Mortgage Lenders Gain (AP via Yahoo! Finance)   Shares of most mortgage lenders rose in afternoon trading Tuesday after a Merrill Lynch & Co. deal to buy a mortgage business for $1.3 billion showed that institutional investors


Savings levels and rates should rise in 2007  If the economy slows, as many expect, savings rates should rise. A potential rate war could fuel the fire.read more...


Treasury Prices Gain As Stocks Fall   Treasury prices rose Tuesday as their safe returns attracted investors shaken by a drop in the Chinese stock market and concerns about the U.S. economy.Commentread more...


Special Session To Aim At Budget  TALLAHASSEE - Anticipating having to cut the new state budget by as much as $1 billion because of slumping state revenues, Florida legislative leaders Tuesday called a special session for


Exurb: a New Plan For Middle Class  read more...

February 11th, 2008

Long-fuse mortgage bomb (Toronto Star)

New York?Joe Ripplinger took out a $184,000 (U.S.) mortgage in 2006 and makes his payments every month. Now he owes $192,000. The 66-year-old Minneapolis house painter has a payment-option adjustable-rate mortgage. It allows him to write a cheque for $565 a month even though he owes $1,300.

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