Industry News
2012 Postal Rate increase now in effect
On January 22nd, 2012 the USPS increased rates on many of its mailing services. Costs for presorted first class letters increased by an average of 2.1%, and presorted standard class letters increased by an average of 2.1% as well. Mailtech has been preparing for this increase and is, as always, constantly working to ensure its customers receive the best rate and deliverability possible. To find out... [Read more]
Mortgage-interest deduction not so costly
According to new estimates compiled by the nonpartisan Joint Committee on Taxation — Congress’ top technical resource on all tax matters — the mortgage-interest deduction doesn’t rip quite as big a hole in the federal budget as previously estimated. To read more please visit Kenneth Harvey’s article at The Boston Herald Read More →
Greater oversight of reverse mortgages urged
With demand rising for reverse mortgages, senior citizens are particularly at risk of being misled and should be protected by greater government oversight of the industry, according to a report by Consumers Union and two California advocacy groups. In a struggling economy, older homeowners are turning to reverse mortgages as a way to pull money out of their homes, with the loan not coming due until... [Read more]
