CMBS Delinquencies Hit Record High Despite Market Optimism: The delinquency rate for loans held in commercial mortgage-backed securities (CMBS) rose again in December with the percentage of loans 30 or more days delinquent, in foreclosure, or REO climbing 27 basis points to 9.20 percent
Watchdog: IRS tormenting struggling taxpayers: A government watchdog says the Internal Revenue Service is tormenting struggling taxpayers in the midst of a slumping economy by increasing the number of liens the agency has filed against people who owe back taxes.
IRS's 'hard-core' collection tactics needlessly harm taxpayers, report says: The Internal Revenue Service's increasing use of "hard-core" collection tactics "is inflicting unnecessary harm on financially struggling taxpayers," an in-house critic at the IRS said Wednesday.
Should the IRS consider a lien moratorium?: It doesn't make sense that the IRS is acting so aggressively at a time when the idea of foreclosure moratoriums has entered the mainstream. If we're willing to give people an extended opportunity to get on their feet when it comes to saving their houses, why not do the same with taxes?
LPS: Foreclosure Inventory Rises for Fifth Straight Month: At the end of November, nearly 2.2 million loans were 90 days or more past due but not yet referred to a foreclosure attorney. Of these, one-third have not made a mortgage payment in at least a year.
Now is the time to sell, real estate consultant says: People who have been delaying putting their homes on the market should do it soon because prices may go down 5% to 8% as banks unload a glut of repossessed properties
New claims for unemployment benefits rise above 400,000: SHOPPING: Retailers report surprisingly weak December
Census: Number of poor may be millions higher: 1 in 6 Americans — many of them 65 and older — are struggling in poverty.
Blue Shield of California seeks rate hikes of as much as 59% for individuals: Blue Shield said, 193,000 policyholders would see increases averaging 30% to 35%, the result of three separate rate hikes since October.
Posts
