Edith Lank advises one reader who wonders whether or not he has to pay a commission to an agent if his bringing a client results in a sale. Lank says that this is usually the case, but it has to be in writing.
General Motors may have had a great year in 2014, but Malcolm Berko says that this can’t last. He recommends selling any General Motors stock because the consumer doesn’t have enough purchasing power to keep General Motors’ sales numbers high.
According to Jim Woodard, the Federal Housing Administration is reducing its annual mortgage insurance premiums by 0.5 percentage points in a move to expand responsible lending to creditworthy borrowers, and it is cutting costs in other ways to help consumers.