The Senate today passed the ZIMIA (Zero Interest Mortgage Illegal Alien) Act, which guarantees zero-percent mortgage loans for any illegal alien who is buying their first home. Senate leaders said the bill was necessary to stimulate the housing market and prevent further foreclosures. In addition to economic stimulus benefits, the bill has the added benefit [...]
Entries Tagged as 'Economic Stimulus'
Senate Passes Bill Guaranteeing Zero Percent Mortgages for Illegal Aliens
April 1st, 2009 · No Comments · Consumer Info
Tags: earmarks·Economic Stimulus·foreclosure·GM·House of Respresentitives·Illegal Aliens·pork spending·Senate·SUV
What Exactly is in the New Economic Stimulus Plan – Part 2
March 10th, 2009 · No Comments · Consumer Info, Economy
Continued from yesterday, we are going over exactly what is in the new economic stimulus plan. We’ve already covered parts of the bill concerning tax cuts, infrastructure and education. Let’s tackle the rest.
Tags: American Recovery and Reinvestment Act·COBRA·Economic Stimulus·Health Care·Infrastructure·Renewable Energy·Scientific Research·Technology
What Exactly is in the new Economic Stimulus Plan – Part 1
March 9th, 2009 · No Comments · Consumer Info, Economy
It’s all so confusing, isn’t it? There is one program after another being approved or proposed. I’ve been spending a lot of time trying to figure it all out. For this article, I’m going to go over the new Stimulus Package. The official name is The American Recovery and Reinvestment Act of 2009 (ARRA), the official website for the entire package is here. The scope is enormous, and it’s tough to keep everything straight. As a matter of fact, this bill is so big that we’ve decided to break up the analysis into two posts.
Tags: American Recovery and Reinvestment Act·Economic Stimulus·Education·Infrastructure·Renewable Energy·Tax Cuts
Details on the Proposed $15,000 Home Buyer Tax Credit
February 16th, 2009 · No Comments · Real Estate, Taxes
Potential home buyers all around the country, myself included, are waiting anxiously for the political pundits in Washington to enact something that will breathe some life into the housing market. No question there probably isn’t a single action that is going to miraculously lift us out of “housing market hell”, but something has got to [...]
Tags: Add new tag·Alternative Minimum Tax·Economic Stimulus·First-TIme Home Buyers·Home Buyers·housing market·Tax Credit
