Apr 16, 2013 4:42PM
The Equifax March National Consumer Credit Trends Report presents more evidence that the home finance related credit picture is improving rapidly. The report shows that the level of home finance balances written off in the first quarter was down nearly 23 percent from that written off in the fourth quarter of 2012. Lenders wrote off $43.1 billion in so called severe derogatories in the first quarter, a five year low . These include loans for which foreclosures have been completed, loans where the...
Apr 16, 2013 11:25AM
Well, April 15 is past us now. The United States is dealing with the terrible tragedy in Boston, and our thoughts go out to that city. April 15 was also "tax day": in 2009, Americans paid $866 billion in taxes to the federal government with the top 1% of earners (those making more than $343,927) paying 37% of that figure. The bottom 50%, those who earned less than $32,396, paid $19 billion in taxes. Taxes do influence behavior - with the November election in California raising its state taxes, for...
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