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Oops, Interest-Free Loans Are Taxable
Wed, 22 Feb 2012 06:54:37 -0800
Suppose your employer loans you money, and like a good employee, you repay it. Neither event is taxable. But paying interest has tax effects to you both. What if you agree there's no interest? Not so fast. The IRS can impute it even if even if you expressly agreed there would be no interest. The ...
Student loans are a ticking 'debt bomb'
Wed, 22 Feb 2012 04:27:03 -0800
It?s a vicious cycle. Many families in this country cannot afford the skyrocketing cost of higher education without student loans. But many graduates can't find a job to pay off the loans.
Quicken Loans Waves Green Flag on New Racing Website
Tue, 21 Feb 2012 12:21:00 -0800
DETROIT, Feb. 21, 2012 /PRNewswire/ -- To mark the start of the NASCAR season and its first full year as a primary sponsor of Ryan Newman's No. 39 Chevrolet Impala, Detroit-based Quicken Loans Inc. today ...
Citigroup ?Defrauded? Fannie, Freddie With Bad Loans, Whistle-Blower Says
Tue, 21 Feb 2012 21:35:44 -0800
Citigroup Inc. (C) , which last week admitted breaking Federal Housing Administration rules and paid a fine, also violated regulations for home loans sold to Fannie Mae (FNM) and Freddie Mac (FRE) , according to a whistle-blower?s complaint.
5 Banks Stocks Profiting on the Most Profitable Loans (Update 2)
Wed, 22 Feb 2012 09:17:07 -0800
Updated with market close and total return information. NEW YORK (TheStreet) -- Many banks are trying to grow their commercial and industrial loan books, which is of prime importance to investors as other loan balances continue to shrink. "Banks covet C&I loans because it is the area showing the earliest growth as we emerge from the recession," says Jefferies analyst Ken Usdin, "and many banks ...
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