• Mortgage Interest Tax Deduction Debate Heats Up in Congress by

    It was a battle between economists and legislators. The mortgage interest tax deduction was deconstructed and dismantled during a meeting of the Joint Committee on Taxation of the U.S. Congress. This $100 billion annual deduction has come under heavy scrutiny due to the budget deficit and the ongoing sequestration.

  • U.S. Home Builders Appeal to Congress for More Housing Incentives by

    According to the National Association of Home Builders (NAHB), oversimplifying the tax code and reducing financial incentives for housing could hurt the American middle class and widen the gap between the super-rich and everyone else. Such was the testimony presented to the U.S. Congress by economist Robert Dietz on behalf of the NAHB.

  • Homeownership Makes Most Americans Poorer by

    From 2009 to 2011, the mean net worth of the top 7 percent of American households rose by 28 percent, while the mean net worth of households in the lower 93 percent dropped by 4 percent, largely because wealthy Americans have the bulk of their holdings in stocks and bonds while most Americans rely heavily on home equity for their personal wealth.

  • High Rates of Default Among HAMP Borrowers by

    Among the various White House initiatives aimed at reducing the devastating numbers of foreclosures that have plagued the United States over the last few years, the Home Affordable Modification Program (HAMP) has been a controversial target of both praise and criticism. According to a recent report by the Office of the Special General for the Troubled Asset Relief Program (SIGTARP), the delinquency and default rates among many of the earliest HAMP recipients are reaching levels of deep concern.

  • U.S. Mortgage Delinquency Levels Drop Significantly by

    Mortgage delinquencies, defaults and foreclosures have been an absolute drag on the United States economy since the bursting of the housing bubble years ago. As the housing market recovers, however, the number of borrowers unable to make payments or hold on to their homes is thankfully diminishing.

  • The Many Ways to Be Relieved of Your Timeshare Obligations by Ryan Smith

    While it is true that a timeshare contract is a binding legal document, it is often mistakenly thought that such a contract cannot only be cancelled. In fact, most timeshare companies maintain that their contracts are non – cancellable. This misconception is perpetuated by timeshare companies and user groups that are funded, maintained and controlled by the timeshare industry.


Is TILA-RESPA a good or bad thing long term?