June 12, 2014

June 12, 2014

Inherited IRAs in play for bankruptcy creditors: U.S. high court – The U.S. Supreme Court on Thursday said inherited individual retirement accounts are not protected from creditors in bankruptcy, in a ruling that impacts one of the most popular ways to save for retirement.

Average US 30-Year Mortgage Rate up to 4.20 Pct – Average U.S. rates on fixed mortgages rose this week for a second straight week but remained near historic lows.

National Foreclosure Rates Drop but 21 States Buck Trend – Foreclosure activity dipped significantly in May RealtyTrac reported on Tuesday with a decrease of 5 percent in foreclosure filings compared to those in April.  RealtyTrac’s U.S. Foreclosure Market Report also noted a 26 percent decrease in filings compared to May 2013.

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MEDIATOR OF THE MONTH: Jeffrey Grayson
June 12, 2014