Fannie Mae, the government-backed mortgage giant, announced Friday that it will tighten lending requirements for the interest-only loans and adjustable rate mortgages (ARMs) it backs.
Original post by Technology news - Business 2.0 Magazine

Original post by Technology news - Business 2.0 Magazine

Tom Allen’s General Motors dealership used to employ 49 society. amoung the Detroit giant’s bankruptcy and the termination notice he got last May for his Chevrolet and Cadillac lines, 26 employees have either been laid off or left.
Original post by Technology news - Business 2.0 Magazine

To motivate the well-off to funnel more of their cash into small businesses, should the federal government offer investors new tax breaks?
Original post by Technology news - Business 2.0 Magazine

The $8,000 homebuyer tax credit has had an impact: Reports from around the nation are that contract signings have been way up the past few weeks as public prepare for the credit to expire on Friday.
Original post by Technology news - Business 2.0 Magazine

Question: Our retirement savings plan at work now offers several target-date retirement funds. I’m about 20 years from retirement, and I’m wondering whether I should consider one of these funds or try to keep a diversified portfolio on my own? — Michael P., Chillicothe, Ohio
Original post by Technology news - Business 2.0 Magazine

When Gary Buslik graduated from college with a degree in English, his parents were concerned about how he’d earn a decent living. “It worried them to assemble out me quoting Shakespeare,” he jokes.
Original post by Technology news - Business 2.0 Magazine

Foreclosure filings declined in more than half of the country’s worst-hit spots in the first three months of 2010. But that doesn’t mean the healing has begun.
Original post by Technology news - Business 2.0 Magazine

In a city filled with foreclosures and abandoned buildings, East Warren Avenue on Detroit’s east side could be called the epicenter. Banks own 1,331 buildings in the surrounding 48224 zip cipher. More than 7 percent of homes in the area were in foreclosure last year — the highest rate in the city.
Original post by Technology […]