Are Credit Card Rewards Taxable? | US News –  · Credit card rewards have introduced a whole new level of confusion at tax time. In addition to your salary, bank account interest and other investment income, you might also have to pay taxes on your credit card rewards.

Subprime woes raise odds for FHA reform – “Quite frankly, in the cities, FHA loan limits are simply not high enough,” Pickel said. Effective reform could lead to the FHA reclaiming market share, but Allen Jones, Bank of America’s (BAC.N).

Family on verge of homelessness after Bank of America denies loan in 11th hour – “Bank of America has left this family in a predicament,” said. Although VanOstenberg-Smith met the income requirements of the FHA loan, she said the bank told her she was denied because of how she.