I am blown away at this. With all the “green shoots” (thank you Ben Bernanke for that term) and supposed health of the financial systems, we continue to have a high rate of bank failures, and have now totaled 45 banks for 2009.
The banks closed on June 26th were:
Mirae Bank, Los Angeles, CA
MetroPacific Bank Irvine, CA
Horizon Bank, Pine City, MN
Neighborhood Community Bank, Newnan, GA
Community Bank [ continue reading... ]
Tag Archives: economy
FDIC Shuts Down 5 Bank on June 26th
15,000 Housing Credit Soon To Make a Comeback?
As of June 10th lawmakers were trying to revive the $15,000 housing credit. Here’s a snip from a bloomberg.com[1] article:
“Senator Johnny Isakson, a Georgia Republican, introduced a bill today that would increase the tax credit to $15,000 and remove income and other restrictions on who can qualify, according to his spokeswoman, Sheridan Watson. The Treasury Department declined to comment on the proposal.”
With the major increase [ continue reading... ]
The $8,000 Credit As Down Payment
Just to let you guys know, the FHA is now allowing a bridged loan on the $8,000 Credit for First-Time Homebuyers to be used towards the down payment. However, you will still be required to have 3.5% down from other sources and cannot rely on the $8,000 to make that 3.5%.
Here’s a run down of the $8,000 Credit:
Amount: The tax credit is worth 10 percent [ continue reading... ]
Major PS3 Outage - Sony Playstation 3 PSN Network Down
openSUSE Weekly News, Issue 112 is out!
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