Will There Be Another Mortgage Meltdown?
Thursday, February 19
The Fannie Mae January 2015 National Housing Survey reported an increase in consumer confidence in the housing market. Some economists are predicting a positive future for the housing market due to recent job growth, improved consumer optimism, and higher household incomes.But, recent decisions f...
The Housing Market Sees Increased Consumer Confidence
Wednesday, February 18
Though we saw a disappointing housing market in 2014, the new year has a more positive outlook. After dropping in December, consumer confidence in the housing market increased last month, according to the results from Fannie Mae's January 2015 National Housing Survey. In the survey, 29% of respon...
Should You Report Interest on a Promissory Note to the IRS?
Monday, January 19
It’s that time of year again – Tax Season. If you are the owner of a promissory note, then you must pay the Internal Tax Service for the earnings you accumulated over the year from interest. The IRS treats promissory notes just like any other loan, so it’s viewed as a form of taxable income. With...