Mary Tomkins is a freelance writer located in Spartanburg, SC, with emphasis on economic news and research on the financial industry.
On Tuesday, the Obama Administration released the next monthly report for the Making Home Affordable loan modification program. As part of the administration’s ongoing commitment to transparency, the report includes for the first time state-specific… Treasury Releases Data on Making Home Affordable Program
Existing-home sales continue to rise in most states across the U.S. for the third quarter, according to a report released today by the National Association of Realtors (NAR). From the second quarter, sales rose in… Existing Home Sales in Third Quarter Rise in Most States
To help the housing recovery along and aid in stimulating the economy, President Obama signed an expanded and extended homebuyer’s tax credit last Friday. The $8000 first-time home-buyer’s credit was set to expire on November… Home Buyer Credit Extended and Expanded
Our friendly Internal Revenue Service (IRS) issued a notice last week stating that over a hundred thousand taxpayers have yet to receive the tax refund they are due because the IRS doesn’t have an accurate,… IRS Has $123.5 Million in Undeliverable Tax Refunds
Pending home sales rose for the eighth straight month of consecutive gains – the longest winning streak since measurement in 2001 – according to a report released today by the National Association of Realtors (NAR).… September Pending Home Sales – 8 Month Winning Streak
Nine more U.S. banks failed on Friday – all subsidiaries of one company, the FBOP Corporation. The banks were located mostly in the West: Arizona, California, Illinois, and Texas. The FDIC entered into a purchase… Nine Banks Fail on Friday
The Department of Energy (DOE) announced on Thursday awards of $338 million in Recovery Act funding for the development domestic geothermal energy. The grants will be used to support 123 projects in 39 states for… $338 Million in Recovery Act Funding to Support Geothermal Energy
The Federal Deposit Insurance Corporation (FDIC) has issued a warning to consumers that fraudulent emails have been circulating, clearly in an attempt for identity thieves to obtain consumers’ personal identifying information. The emails falsely inform… FDIC: Identity Thieves Sending Fake Emails Regarding Bank Failures
New home sales slide unexpectedly in September as the deadline for the first-time homebuyer’s credit draws near, according to a report released today by the Commerce Department. Sales of new single-family homes decreased 3.6% to… New Home Sales Slide in September
While speaking on Tuesday at Florida Power and Light’s (FPL) DeSoto Next Generation Solar Energy Center, President Obama announced a $3.4 billion investment to spur transition to a smart energy grid. The president described what… Obama Announces $3.4 Billion for Smart Grid