If you are the winning bid on a seized dept.of treasury auction,Does that erase the debt the property owner[s]had with the dept of the treasury[IRS]

This is the Treasury General Acct. TGAI am predicting that the Federal Gov't is going to dump literally tons of cash into the market prior to the election to make things look good. From an avg of 400 Billion or so to ...

I recently read that the Federal Reserve recently purchased 600 million in Treasury Bonds; dubbed QE2. How does it help keep interest rates low?

What not many Realtors or advisors are willing to admit from the very beginning is that when a homeowner is in debt, both the foreclosure and a short sale can have a devastating impact on the credit history. However, ...

As expected, the Fed announce a 1/2% rate cut in the Fed Funds rate to 1%.

:cool:

Hi members and mortgage prosI've been self employed for a year. Can prove consistent income around $8k/ month. Credit is 800. I'm sitting on 500K cash from a recent property sale and have 1.5M in investments. Last, I ...

The rate cut was no surprise. However, instead of cutting to a specific rate they have established a range of 0% to 0.25% for the Fed Funds rate. The Fed is running out of ammunition.
http://finance.yahoo.com/news/F...

People lose it all. Huge lottery winnings or the sale of a high tech company. If you had 10,000,000 (or a 100,000,000 for that matter) and could earn 350k a year with 30 yr treasuries, or own all of a neighborhood, a ...

how high will the Federal Reserve raise the federal funds rate? well, according to the Taylor Rule/Principal for monetary policy Volker and Greenspan monetary policy with inflation at 8.7%, then the federal funds rate...

Don't get lulled to sleep by the Fed's announcement that they were pausing the hikes in the Federal Funds rate. That's the rate banks pay to borrow. Our industry runs on the Treasury Markets. Today, the 10-Year Treasu...