Lake Tahoe Home Loans and Lake Tahoe Mortgage Rates:
The Federal Housing Administration (FHA) has recently announced that it will begin offering mortgage insurance to troubled borrowers. Those who may have lost their homes through a foreclosure or short-sale or who may have filed for bankruptcy would have to be able to prove they are no longer financially challenged and meet other requirements set forth by the FHA.
The recovery in housing has propelled earnings by home improvement retailer Home Depot as the company reported better than expected quarterly earnings and raised its forecast for full year earnings and revenue expectations. Home Depot earned $1.24 a share, better than the $1.21 expected.
The Labor Department reported yesterday that unemployment rates rose in 28 states and the District of Columbia in July, 8 states saw decreases and 14 states had no change. The rise in rates comes despite a drop in the national Unemployment Rate to 7.4%. It could be that states are seeing delayed reaction to budget cuts and the increase in the payroll tax back in January.