I2CREDIT Nº 11
Home buyer credit gets new life
WASHINGTON -- Senate negotiators reached a tentative deal to extend a tax credit for first-time home buyers, but its passage remains uncertain(...)
Por: Corey Boles and John D. Mckinnon | Wall street Journal
The new provisions are aimed at broadening availability of the credit beyond first-time buyers and giving the weakened real-estate market a bigger boost while preventing real-estate investors from benefiting.
Many property experts have cited the credit as a reason for signs of recovery in the housing market in recent months. But that recovery was somewhat undercut by the September drop in new-home sales reported Wednesday.
The credit would be extended from its current expiration date of Dec. 1 to all contracts entered into by April 30, and closed before July 1. It is expected that income limits on people claiming the credit would be increased to $125,000 for singles and $250,000 for couples, from the current $75,000 and $150,000, aides said. The credit phases out for people making more than those amounts.
Shares of mortgage and life insurers jump, with shares of Genworth Financial and optimism about the extension of the home-buyer tax credit driving financial-sector gains. MarketWatch's Greg Morcroft reports in New York.
While Senate lawmakers appear to have reached a deal on the substance of the tax credit, they are still at odds over how it would be brought to the Senate floor. Senate Majority Leader Harry Reid (D., Nev.) hopes to add it to a bill currently on the Senate floor to extend federal unemployment insurance benefits. But agreement on that hasn't been finalized.
While Senate Republicans are likely to support the measure, House Democrats have raised concerns that it carries a high cost to the government. The Internal Revenue Service is examining the program for alleged abuse.
Ultimas Notas
I2CREDIT Nº 11
The best savings account rates: an ongoing quest
It’s no secret that many consumers are saving more. After hitting zero four years ago, the personal savings rate jumped to 5.9 percent in May before dropping to 3 percent in August as consumers took advantage of the short-lived cash-for-clunkers auto rebate program(...)
Por: Jennifer Saranow Schultz | bucks.blogs.nytimes.com
Living strategy and death of the five-year plan
Is strategy dead? Chief strategy officers will deny it. Some strategy consultants may reject the idea, too. But, right now, markets are unpredictable. The economic outlook is uncertain. The world has changed. If old-style strategy formulation is not exactly dead, then it is hardly in the best of health(...)
Por: Stefan Stern | FT.com
My 12-year-old got a credit-card offer!
My daughter recently reached a dubious milestone in her life: She received her first credit-card solicitations in the mail. "great rate is just the beginning" read one of the offers, which were targeted at college students. Problem: My daughter is not a college student. She’s 12 years old(...)
Por: moneyfeatures.blogs.money.cnn.com
A global question: is it time to raise interest rates?
Apparently, the worst has passed for the biggest economies of the world, and recovery has begun. The global recession "is ending," according to the latest World Economic Outlook from the International Monetary Fund (IMF), released on October 1 in Istanbul. The IMF raised its global growth forecasts due to the strength of Asian economies, and cited positive signals from other regions(...)
Por: wharton.universia.net
Notas Destacadas
- 2012
- CREDIT PERFORMANCE Nº 36
- CREDIT PERFORMANCE Nº 35
- CREDIT PERFORMANCE Nº 34
- CREDIT PERFORMANCE Nº 33
- 2011
- CREDIT PERFORMANCE Nº 32
- CREDIT PERFORMANCE Nº 31
- CREDIT PERFORMANCE Nº 30
- CREDIT PERFORMANCE Nº 29
- CREDIT PERFORMANCE Nº 28
- CREDIT PERFORMANCE Nº 27
- CREDIT PERFORMANCE Nº 26
- CREDIT PERFORMANCE Nº 25
- CREDIT PERFORMANCE Nº 24
