Modifying the popular deduction wouldn’t actually affect a majority of homeowners — but industry leaders are adamant that the MID is untouchable
Allied Home Mortgage Corp. and Allied Home Mortgage Capital, along with their CEO, have been slapped with multimillion-dollar penalties after a jury found them responsible for more than a decade of mortgage insurance fraud
In recent months, American taxpayers have witnessed quite a few realities with regard to the national budget.
As the political showdown over the United States budget deficit continues with the early days of the sequestration, government agencies are beginning to asses the impact of the sudden spending cuts.
Residential real estate has gone from dismal to a sellers' market in just over a year. Once home prices stopped finally declining in early 2012, investors picked up their pace of acquisition in regional markets that where particularly affected by the housing downturn: Phoenix, Las Vegas, South Florida, and various markets in California. Inventories in those markets quickly tumbled, but that same situation is spreading to other metropolitan areas.
The jumbo mortgage market in the United States was virtually non-existent from 2008 until late 2010, but this was not due to a complete lack of demand or drastic property price reduction.
I recently visited a friend who purchased a condo in a “new urbanism” development. As I drove into the parking structure I realized I was in the center of a newer shopping mall in Salt Lake City.
Mike Ferry is the founder of The Mike Ferry Organization, the leading Real Estate Coaching and Training Company.