Home-equity wealth has skyrocketed in the last year as the number of underwater homes has fallen
While delinquencies and foreclosure starts have been falling steadily, the impact from Hurricane Florence has yet to be fully assessed
While it’s clear that America’s urban housing markets have been making an exceptionally strong recovery thus far in 2013, it’s clear that certain metros are rebounding with notable speed. The overwhelming amount of these urban markets is distinguished by either a high population of 30-something professionals, or by a stalwart job market. These two quantifiers are both highly pronounced in the Washington, DC metro area, and as a consequence the city’s residential property is showing marked value growth.
The Internal Revenue Code has specific tax laws surrounding vacation homes that a taxpayer rents and also enjoys for personal use. Ultimately, the number of days rented versus days of personal use will impact tax reporting and to what extent expenses relating to the vacation home are deductible. The following highlights some of the most important aspects of these tax laws, but is not intended to be a complete discussion.
Preferred and common stock of Fannie Mae and Freddie Mac (FMCC) soared after four Senators proposed legislation related to the mortgage financiers that were placed into government conservatorships in September 2008.
We’ve taken the FFIEC 36-page proposal and condensed it for you into just a couple of pages.
With the end of the blissful go-go days of an ever-rising housing market and ever-prime mortgages, the notion of risk has become our close companion.
President Barack Obama is getting closer to nominating a replacement for Edward J. DeMarco, the acting regulator of Fannie Mae and Freddie Mac (FMCC), according to three people familiar with the discussions