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A report in todays Wall Street Journal sheds some light on the secondary market for factored structured settlements. A factored structured settlement is an annuity (usually the paid as a settlement on a lawsuit) that pays a predetermined stream of income, often monthly over the course of many years. These annuities are typically issued by [...]More >
WASHINGTON As reported in (MarketWatch) – The number of first-time applications for state unemployment benefits fell by 7,000 last week to a seasonally adjusted 444,000, the Labor Department reported Thursday. Initial claims fell for the third straight week after filings bumped higher in early April due to administrative backlogs and seasonal distortions around the Easter [...]More >
Many conservative critics say the government helped to enable the financial crisis through its efforts to increase home ownership, including the role of Fannie Mae and Freddie Mac in buying mortgage loans to make more money available for lending. The companies are now owned by the government after incurring enormous losses on loans that borrowers [...]More >