Finance Globe

Unemployment rates in most cities across the U.S. generally improved over the year and the national jobless rate fell by one percentage point, according to a government report released on Friday.From January 2011 through January 2012, the jobless rate fell in 345 out of the 372 metropolitan areas surveyed, while it increased in 16 areas and stayed the same in 11 areas, the Bureau of Labor Statistic said in its monthly report.The national unemployment unemployment rate...

Another so-called mortgage debt relief company preying on unsuspecting homeowners in two related scams has been halted by the federal government. Putting a new twist on an old trick, the alleged scam operation lured homeowners into filing so-called “mass joinder” lawsuits against their lenders with false promises of debt forgiveness, halting and reversing foreclosure, credit restoration, and even compensatory and punitive damage awards, the Federal Trade Commission reported on Thursday.Mortgage relief scams have been quite prevalent...

While your working on your taxes over the next few months, it may be a good idea to check and be sure that you filed your 2008 tax return. The Internal Revenue Service announced on Thursday that it has over one billion dollars in unclaimed tax refunds for the tax year 2008, and says the deadline for claiming these forgotten funds is April 17, 2012. (This year’s tax deadline is two days later than usual because...

The housing recovery has been slow and the small progress has often been hampered by a step or two backwards. But overall, industry experts generally speak positively about the direction of the real estate market.Last month, new home sales last month dipped 0.9% from December’s revised figures, but remain 3.5% above levels from January 2011, the National Association of Home Builders reported on Friday. Also, the inventory of new homes for sale continued to drop to...

Pending home sales slipped 3.5% in December after reaching a 19-month high, but were 5.6% above levels from the same month in 2010, the National Association of Realtors reported on Wednesday. Pending home sales are contracts that have not yet gone to closing, and are a good indicator of sales to be completed within the next one to two months. The Pending Home Sales Index fell from 100.1 in November to 96.6 in December. An index...

Now that the holiday season has passed, it’s time to start thinking about the next big event - tax season. The Internal Revenue Service announced that the deadline for filing 2011 tax returns and paying any taxes due will be on a Tuesday, April 17th this year. You will have two more days because the normal tax due date falls on a Sunday and the 16th is Emancipation Day, a holiday observed in the District of...

Amid better jobs reports and pre-holiday spending, consumers have a more positive outlook on the economy for the first time since summer.Consumers’ overall feelings about the economy surged in November, according to a report released by the Conference Board on Tuesday. Consumer confidence - which measures - rose in November to 56 from 40.9 in October. The Present Situation index rose to 38.3 from 27.1, and the Expectations index rose to 67.8 from 50.Says Lynn Franco,...

The inventory of existing homes on the market fell in October and the pace of home sales increased to a level 13.5% above what they were a year ago, according to a report released by the National Association of Realtors on Monday.October sales rose 1.4% from the previous month, to a seasonally-adjusted annual pace of 4.97 million. At the current sales pace, there was an 8 month supply of homes on the market - down from...

Several banks announced they will nix their plans to increase debit card fees in response to consumer outcry. Wells Fargo said in a statement on Friday that they will cancel their five-state pilot program for a $3 a month debit card fee. Ed Kadletz, head of Wells Fargo’s Debit and Prepaid Cards, said, “As we adjust to changes in our business, we will continue to stay attuned to what our customers want. This means understanding their...

Many cost-conscious Americans choose to opt-out of the prescription drug benefit with their health plan in order to save on their premium. I’m one of them. I’m generally healthy and don’t need medications on a routine basis - it only makes sense.I pay out-of-pocket for any medications prescribed to me, and I often skip filling the prescription altogether if I feel I don’t really need what the doctor ordered. So far no problems.But when I do...