Somebody at Bank of America must be practicing to run for political office. A few months ago the word from BofA was: “We’re committed to our Reverse Mortgage business.” This past Friday, BofA announced: “We’re closing our Reverse Mortgage division to concentrate on our forward mortgages.” Sounds like a future Senator to me….just saying.
According to the Congressional Budget Office, Social Security will begin to run deficits this year – five years sooner than expected; and will continue to run in the red until something is done to fix it. When Social Security was running a surplus, those in power found it easy to put off the tough choices that needed to be made, and continued to borrow from Social Security funds to pay for bridges to no-where. Now, the policymakers have painted themselves into a corner. Let’s see what they do now….just saying.
Reviewing the latest analysis of the Case-Shiller index, it appears that home prices may be stabilizing. By the end of this year, it’s expected that prices will stabilize in 75% of the market, and in 100% of the market by the end of 2012 . Let us hope….just saying.
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