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Expansion and Modification of Authorized Uses of PPP Loan Proceeds While authorized uses of PPP loan proceeds continue to include payroll costs, utilities, rent, and interest on mortgages and other debt obligations, the Act permits the proceeds of both First Tranche PPP Loans[19] and Second Tranche PPP Loans to be used for the following additional expense categories (in each case, subject to certain specified exclusions), all of which also qualify for forgiveness: Covered Operations… [read post]
11 Aug 2020, 6:00 am by Kevin Kaufman
As a result, there was a sharp decrease in affordable residential construction and applications for the LIHTC.[28] Fannie Mae and Freddie Mac, the largest government-sponsored mortgage financers (GSEs) that previously constituted approximately 40 percent of LIHTC investment, withdrew from the LIHTC market in 2008 as their projected losses from the recession would offset their taxable income for the foreseeable future.[29] Fannie and Freddie were subsequently placed under conservatorship,… [read post]
28 Apr 2014, 12:00 pm by Moderator
2013 Investment Climate StatementBUREAU OF ECONOMIC AND BUSINESS AFFAIRSFebruary 2013ReportOpenness to Foreign InvestmentPanama actively encourages foreign investment, and with few exceptions, the Government of Panama (GOP) makes no distinction between domestic and foreign companies for investment purposes. [read post]
The rule applies if the taxpayer used the vehicle during most of the normal business day direction in connection with the business of farming. [read post]
26 Nov 2019, 9:00 pm by Dean Falvy
Just as importantly, according to the testimony of several witnesses, Bolton vocally dissented from the attempt to squeeze Ukraine for President Trump’s political benefit and directed his subordinates to report his concerns to the White House Counsel’s office.The principal impeachment witnesses so far (including Ambassador Bill Taylor, Ambassador Gordon Sondland, Lt. [read post]
14 Sep 2021, 8:08 pm by Bruce Provan
The other kind of mediation I call directive mediation, what that is, and it’s almost like a conciliation. [read post]
7 Jun 2010, 8:34 am by Joseph C. McDaniel
(C) A direct transfer of retirement funds from 1 fund or account that is exempt from taxation under section 401, 403, 408, 408A, 414, 457, or 501(a) of the Internal Revenue Code of 1986, under section 401(a)(31) of the Internal Revenue Code of 1986, or otherwise, shall not cease to qualify for exemption under paragraph (3)(C) or subsection (d)(12) by reason of such direct transfer. [read post]
9 Jun 2018, 1:00 am by Victor Medina
They have spent the last 40 years working their butts off trying to get up every day, pay mortgages, get kids through school, take care of aging parents, everything. [read post]
The first of these decision, Parrish, was foreshadowed by decisions several years earlier upholding milk price regulation and a mortgage moratorium. [read post]
12 Feb 2021, 3:00 am by Jim Sedor
The Center for Responsive Politics unearthed more than $3.5 million in direct payments from Trump’s 2020 campaign, along with its joint fundraising committees, to people and firms involved in the Washington, D.C. demonstration before a violent mob stormed the U.S. [read post]
7 Sep 2011, 1:23 am by Kevin LaCroix
Other settlements include the following: Washington Mutual, $208.5 million (refer here); Wells Fargo Mortgage Backed Securities, $125 million (refer here); National City, $168 Million (refer here); Colonial Bank, $10.5 million (refer here); and Lehman Brothers executives, $90 million (refer here). [read post]
28 Jan 2009, 9:40 am
Huffman never invested his investors' funds in securities, mortgages, or other investments, but used them to subsidize his lavish lifestyle. [read post]
30 Jul 2016, 7:50 pm by The Blog Team
Beecroft, — F.3d —, 2016 WL 3240304 (9th Cir. 2016) (Excessive Fines Clause) Defendant was convicted for participating in an extensive mortgage fraud conspiracy. [read post]
12 Mar 2021, 3:00 am by Jim Sedor
., but one shop went in a totally different direction, recruiting its newest partner from the Trump administration. [read post]
  In the case of Main Street Priority Loans and Expanded Loans, the Main Street Loan must be on a senior or pari passu basis in terms of collateral and payment priority with the borrower’s other debt (except for “mortgage debt”, which is generally defined as  (i) debt secured by real property or (ii) limited recourse equipment financings, including capital or finance leases). [read post]
10 May 2012, 11:53 am by Rebecca Tushnet
  I also teach property, and I’ve been following the robosigning problems with mortgages, as well as with credit card debt. [read post]