The official announcement by the Federal Government is today, but the details came out yesterday, about funding & requiring lenders to temporarily slash or eliminate monthly mortgage payments for many borrowers who are unemployed. Banks and other lenders would have to reduce the payments to no more than 31% of a borrower’s income, which would [...]

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    U.S. Financial Markets Return to Pre-Crisis Levels – Mark Perry – … Taken together, the return of these two important market indicators … provide further evidence that the worst is far behind us, and U.S. financial markets are once again stable and healthy. … [...]

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  S&P Agrees with Moody’s that Dodd Financial Reform Bill Threatens Big Bank Ratings -  Standards & Poor’s today joined Moody’s in suggesting the Dodd financial reform bill could result in the downgrading of big banks benefiting from government support, notably Bank of America (BAC), Citigroup [...]

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In this monthly commentary, Pat Cutler shares his thoughts on: 1.  Southern funerals  2.  Bipartisanship 3.  The Mortgage industry under attack   >> CLICK HERE TO READ Cutler-Econ-Commentary-March-24-2011 Visit us at www.cutlerconsultinggroup.com

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