Rising rates and increased competition are shrinking profit margins. Still, lenders are more optimistic about the economy than they’ve been in years
The CFPB is proposing a regulatory amendment that would give lenders more leeway in collecting certain demographic information about borrowers
The income tax consequences of foreclosure and short sales have been the subject of much interest due to the mortgage crisis. This article will provide an overview of the major Federal income tax issues. However, it is not intended to provide advice on specific situations. Rather it will help real estate and mortgage advisors become more valuable assets to their clients by better understanding when to refer borrowers for professional assistance.