As millions of Americans struggle to hold on to their homes, Wall Street has found a way to make money from the mortgage mess. Investment funds are buying billions of dollars’ worth of home loans, discounted from the loans’ original value. Then, in …
An important detail that’s usually left out, this mortgage interest deduction is taken INSTEAD of your Standard Deduction … it’s not a line item, you can’t have both! And clawbacks are now in place starting at $125K income, if the AMT doesn’t nuke …
ON Wednesday new economic data will reveal whether the world’s biggest economy really is growing or if the US is still struggling with the after-effects of the freeze in capital markets. Sentiment on Wall Street took a hit on Thursday (early Friday …
It has been referred to as an American birthright, the most sacred tax break, something so sacrosanct that the mere thought of tampering with it was unpatriotic. And Canadian taxpayers have long coveted our southern neighbour’s beloved mortgage …
Stocks fell three out of five days during the past week, leaving the Dow with a slim weekly gain while broader indexes fell. Reports on mortgage delinquencies and housing starts brought about worries that an economic recovery will be slow and bumpy …
Mortgage applications for home purchases in the U.S. have fallen to the lowest level in 12 years, indicating the housing market is facing a hurdle with unemployment at a 26-year high. The Mortgage Bankers Association’s index of applications dropped 4 …
Plenty of lenders offer jumbo mortgages now, although the requirements are stricter than they used to be. Jumbo mortgages are home loans that are bigger than normal. They exceed the conforming limit, the maximum loan amount that Fannie Mae and …
ON Wednesday new economic data will reveal whether the world’s biggest economy really is growing or if the US is still struggling with the after-effects of the freeze in capital markets. Sentiment on Wall Street took a hit on Thursday (early Friday …
CONCORD, N.H. (AP) — As state and federal authorities investigate the abrupt closure of a Meredith, N.H., mortgage company, a lawyer says he warned state officials about a possible investment scheme involving the company’s owner almost 10 years ago …
The free event is sponsored by Attorneys’ Title Guaranty Fund Inc., the Illinois Housing Development Authority and METEC’s Housing Counseling Resource Center. METEC is a Peoria-based resource center that counsels families and individuals on obtaining …
