AS the housing market begins to improve, new homes are popping up again in prime areas. If lenders are staying away from speculative building projects, some are willing to finance new construction for buyers who put substantial money down.
Read more: http://tinyurl.com/bqrbbvo
Pending mortgage regulations could lock today’s tight lending standards in place and result in nearly 20% fewer mortgages being issued in the coming years, restraining home sales and construction, according to a new study.
Read more: http://tinyurl.com/8mqgmpu
REAL estate and building industry groups have loudly condemned proposals by both presidential campaigns to shrink the mortgage interest deduction. Central to their arguments is the long-hallowed deduction’s value to the middle class. But a closer look at who benefits suggests that this perception, though prevalent, is not accurate.
Read more: http://tinyurl.com/9qmaaqe
A former Lethbridge woman charged in connection with mortgage frauds totalling more than $2.8 million will be back in court next month to face additional but unrelated charges. Adina Harms appeared in Lethbridge provincial court Wednesday on two counts of uttering a forged document and one count of fabricating evidence.
Read more: http://tinyurl.com/92kko73
NEW YORK(CNNMoney) — Why would anyone spread possum urine around a house, turn up the heat and close all the windows for a few days?
Because they’re flopping, of course.
Read more: http://tinyurl.com/8ktrpcs
When Finance Minister Jim Flaherty took steps to cool the housing market over the past four years, he largely did so via the Canada Mortgage and Housing Corp., the Crown corporation that dominates the mortgage insurance market.
Read more: http://tinyurl.com/9ujkxsb
JUST as beleaguered borrowers are beginning to feel some relief from a $25 billion deal requiring the nation’s biggest banks to forgive more mortgage debt, another financial threat looms.
Read more: http://tinyurl.com/9x6sqb5
AUSTIN,Texas, Oct. 19, 2012 (SEND2PRESS NEWSWIRE) — FirstClose Title announced that its CEO, Cynthia Waterman, will be available at the 99th MBA Annual Convention & Exposition at the Hyatt Regency in Chicago,Illinois October 21-24 to discuss title insurance issues in the mortgage banking industry and how they can be remedied. She is available by appointment at the show or via phone interviews after the show.
Read more: http://tinyurl.com/98wd2z3
Trulia’s Chief Economist discusses why a low cap on itemized deductions would reduce homeownership benefits for the middle class. That’s because housing-related tax deductions, including home mortgage interest and real estate taxes, account for 49% of total itemized deductions, and for middle-income tax itemizers, 56% of deductions are housing-related.
Read more: http://tinyurl.com/8d7ddla
CALGARY— Tighter mortgage rules have been cited recently as reasons for a slowing down housing market in Canada, particularly in major markets like Toronto and Vancouver.
Read more: http://tinyurl.com/9zorbq2