by admin | Apr 27, 2018 | Mortages
Low GDP reflects current “housing crisis” By Kelsey Ramírez Gross domestic product was a disappointment, shrinking in the first quarter despite the recent tax cuts passed at the end of 2017 Real GDP increased at an annual rate of 2.3% in the first quarter of 2018,...
by admin | Apr 27, 2018 | Mortages
By Jann Swanson The Consumer Financial Protection Bureau (CFPB) has announced a technical change to its October 2015 “Know Before You Owe” mortgage disclosure rule. The change to what is generally known as the TILA-RESPA Rule or “TRID’ relates...
by admin | Apr 25, 2018 | Finances
By Richard Rubin Meet the new mortgage-interest deduction. It’s smaller and much more concentrated among high-income households. In 2018, the deduction will save taxpayers $25 billion, down from $60 billion in 2017, according to estimates released on Monday by the...
by admin | Apr 24, 2018 | Finances
By Andrea Riquier Despite the enormous gains in the housing market, and the rapid surge in home prices in recent years, nearly 2 million people still owe more on their mortgage than their home is worth. Throughout much of the housing downturn a decade ago, the plight...
by admin | Apr 23, 2018 | Mortages
By Jann Swanson Freddie Mac’s economists say, “The broader economic environment remains favorable for home sales,” but they add a lot of caveats to that statement. Sales are holding up so far, despite the increase in mortgage rates, but will that...
