mortgage: Homeowners Could Lose Their Mortgage Deduction
- 06/09/10 04:54 AM
Ax May Fall on Tax Break For Mortgages SNIP: "The popular tax break for mortgage interest, once considered untouchable, is falling under the scrutiny of policymakers and economic experts seeking ways to close huge deficits." _________
Should homeowners and investors lose the tax deduction they now enjoy they would have to recalculate the value of ownership. I dont think it would bode well for property prices and it would certainly reduce the amount of disposable household income putting downward pressure on consumer spending during already frugal times. … (2 comments)
COURTESY OF THE COMMERCIAL MORTGAGE SECURITIES ASSOCIATION.
If you're bore by stats and graphs -- don't bother with this one. But if you are curious about the current state of the Commercial Real Estate Market, then have at it! … (0 comments)
has a job has not been late on their mortgage payment in the last 12 months is current on their state and federal taxes GETS THEIR INTEREST RATE MODIFIED TO 4% FOR THE NEXT 5 YEARS.
WHY ARE WE REWARDING INCOMPETENCE????
… (9 comments)
mortgage: The Subprime Primer
- 09/26/08 08:06 AM
Here is a simple tutorial in layman's (or longshorman's) language that explains how we got into the Subprime mess. The Subprime Primer … (0 comments)
Hiighlights Fannie Mae is determined to tearing down the barriers to deliver on the American Dream. What does this mean. How have you torn down barriers? By lending money to those with poor -- or bad credit? By extending loans to people who could never possibly repay their debt? It is true that Fannie Mae has lent more money to more minorities and more underserved individuals than any single company in history. That's really is great, but unless the money is paid back by those same individuals, EVERYONE will … (2 comments)
mortgage: Country Wide just wrote me a letter
- 09/10/08 11:53 AM
Dear _____ "We are writing to inform you that we recently became aware that a Countrywide employee (now former) may have sold unauthorized personal information about you to a third party. Based upon a joint investigation conducted by Countrywide and law enforcement this authorities, it was determined that the customer information involved in this incident included your name, address, Social Security number, loan number and various other loan application information." Aint that swell? I expect this same letter has gone out to many others as well. anybody else get one of these today? … (0 comments)
mortgage: Is Anybody Out There Watching the FREE FALL of Fannie and Freddy???
- 07/11/08 03:28 AM
Damn! It's a friggin MARKET MELTDOWN! Looks like America is going to hell in a handbag. Right now FRE is down 33% to $5.32 and FNM is down 31% to $9.08 FRE was $63.00 just last October. NOW ITS A PENNY STOCK! THIS IS NOT GOOD!
mortgage: News Flash - Downpayment Assistance Programs To Be Discontinued by HUD
- 10/22/07 09:00 AM
Downpayment Assistance Programs (DAPs) which are funded with seller contributions to the buyer will be discontinued by HUD. Translation: Less chance of buyers qualifying for loans I dont see it as good news for buyers or lenders. Is anyone doing these kind of loans and will it have an effect on YOUR business?
Ax May Fall on Tax Break For Mortgages SNIP:
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