by admin | Dec 4, 2018 | Finances, Mortages
By Reuters Nov 6 (Reuters) – Wells Fargo & Co said on Tuesday an internal underwriting error had caused it to reject home loan modifications, resulting in the bank foreclosing more homes than expected. The bank said in a filing with regulators that an...
by admin | May 3, 2018 | Mortages
By Bill Bischoff The Tax Cuts and Jobs Act (TCJA) trimmed two important tax breaks for homeowners and left another big one completely untouched. In my last column, I covered how the new law can limit itemized deductions for real property taxes and how it left the...
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 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...
by admin | Apr 20, 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...
