If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Love it or leave it, but we’ve seen extraordinary actions in the past couple months in terms of efforts, both on the side of lenders and government, to help those who are struggling with their mortgages. Uncle Sam has [...]
Did you know your mortgage insurance may be deductible? Under certain conditions, the Internal Revenue Service (IRS) reports that homeowners may deduct their mortgage insurance premiums when filing their federal tax returns.
Generally, mortgage insurance premiums paid to a government agency or program as well as private mortgage insurance (PMI) premiums connected to the purchase of [...]
Increased regulatory action at the end of 2008 has not added to the overall number of mortgage litigation cases winding their way through the American judicial system, according to a report just released by MortgageDaily.com in conjunction with the law firm of Weiner Brodsky Sidman Kider PC.
According to the Fourth Quarter 2008 Mortgage Litigation [...]
Is your state unfriendly towards homeowners? Probably. Further, most states are particularly unfriendly towards homeowners being foreclosed upon.
A new report from the National Consumer Law Center (NCLC) reveals that three out of five states allow for so-called fast-track foreclosures without any court oversight. In addition, the report, titled “Foreclosing A Dream: State Laws Deprive [...]
As you’ve seen on the site here at Blown Mortgage and plenty of other places as well across the blogosphere, the public is rather divided as to how much mortgage aid should be allocated and what such aid packages could mean for taxpayers. The rub here is that yes, consumers across the country are suffering. [...]
Good Morning America, CNN and others have highlighted a new tactic that home owners facing foreclosure are using to stall the foreclosure process: asking the bank to produce the note. The basic idea is that the home owner facing foreclosure is entitled to a copy of the original note that they signed mortgaging their house. [...]
In my original dead man walking post I argued that wholesale mortgage originators (brokers) were on the way out. I pointed to all sorts of signs that seemed to point towards a future with a much smaller broker presence in the mortgage world. And, for the most part I was dead on, as 3rd-party originations [...]
by Constantine von HoffmanFebruary 12, 2009
Bailout
The most important number not included in Mr. Geithner’s bailout plan has nothing to do with who gets how much. That is all just fine-tuning and clearly not a number Geithner & Co. have figured out yet. (Why release a plan before you have figured that out? I dunno either.) The most important number not [...]
Yet another ridiculously expensive stimulus package is currently being debated as a way to aid the economy, and consumers have been fairly mixed about this one. While the first bailout was targeted at our financial institutions, this one will actually favor the average consumer by looking to repair our nation’s infrastructure. If it wasn’t so [...]
Loading ...