San Francisco Chronicle, Jan. 9, 2020–Alexei KoseffThe bill by Assemblyman David Chiu, D-San Francisco, would cap a state tax break for mortgages to the interest paid on the first $750,000 …
Category: Top National News
The Impacts of US Military Service on Homeownership and Income
Urban Institute, Jan. 9, 2020The report explores how serving in the US military or the presence of a large military institution can ease racial and ethnic disparities in homeownership and …
Skip Payments on a Modified Mortgage and California Cuts You a Big Break
Orange County Register, Jan. 9, 2020–Jeff LazersonLast month a California appellate court concluded that a mortgage lender could not require its borrower to revert to the original mortgage note terms …
GSEs Might Operate Under Consent Decree, Calabria Says
American Banker, Jan. 8, 2020–Hannah Lang (subscription)Federal Housing Finance Agency Director Mark Calabria raised the possibility Wednesday that Fannie Mae and Freddie Mac could operate under a consent order once …
Crowdfunding Firms Blow Up the Model to Survive in Real Estate
Wall Street Journal, Jan. 7, 2020–Konrad Putzier (subscription)An attempt at transforming real estate investing the way Amazon changed retail is getting another go.https://www.wsj.com/articles/crowdfunding-firms-blow-up-the-model-to-survive-in-real-estate-11578398401
Some Americans are Ditching their Mortgage to Rent in Retirement…
Business Insider, Jan. 7, 2020–Liz KnuevenWhile conventional advice says that mortgage-free homeownership is important to retirement, many American retirees are finding that renting better fits their lifestyle and their finances.https://www.businessinsider.com/renting-in-retirement-vs-homeownership
In Florida, Homeowners Come for the Weather and Stay for the Tax Relief
Wall Street Journal, Jan. 8, 2020–Beth DeCarbo (subscription)Wealthy property owners are fleeing high-tax states like New York, New Jersey, and Connecticut for the Sunshine State, which has no state income …
Mortgage Broker Settles FTC Charges It Posted Unhappy Customers’ Personal Info On Yelp
Forbes, Jan. 7, 2020–Kelly Anne SmithThe FTC says Ramon Walker, the owner of Mortgage Solutions, FCS (doing business as Mount Diablo Lending), responded online to negative Yelp reviews about his …
Mortgage Relief Companies Ordered to Pay $18.5 Million to Misled Homeowners
WFTV.com (Orlando, Fla.), Dec. 31, 2019–Samantha ManningA federal judge has banned a group of companies from providing mortgage debt relief services after the government said they misled homeowners with false …
New Jersey’s Mortgage Servicing Law is About to Kick into High Gear
National Mortgage News, Dec. 31, 2019–Bonnie Sinnock (subscription)The New Jersey Department of Banking and Insurance is warning that enforcement of its 2019 residential mortgage servicer licensing law will begin in …