Billions to state from housing; Industry generates 11% of California's economy, study says The housing industry contributed more than a quarter-trillion dollars, about 11 percent of total output, to California's economy last year, according to a home building group.read more...
Mortgage tax deductions help to prop up home prices (San Francisco Chronicle) Q: Since the federal government is thinking about limiting mortgage interest as a deductible expense for income taxes, how would that affect the housing market? A: No one can answer
Man Gets 26 Years in Mortgage Fraud (AP via Yahoo! Finance) A man who pleaded guilty to a mortgage fraud scheme that affected more than 100 people has been sentenced to more than 26 years in prison.read more...
75K FICO-based High LTV Home Equity Loan rates remain unchanged in the United States Monday 75K FICO-based High LTV Home Equity Loan rates remain unchanged in the United States Mondayvia
AHM accused of providing faulty mortgage data (Newsday) A mortgage insurer has accused bankrupt Melville-based lender American Home Mortgage of "relying on misrepresentations of borrowers and appraisers," according to a complaint that American Home filed against Triad Guaranty
Mysterious Jewish buyer of Old City real estate is keeping mum Who is the mysterious Jewish party behind the purchase of the Greek Orthodox properties inside the Old City's Jaffa Gate? Could it be the Israeli government itself? It was first
The thrift will lay off 3,150, slash its dividend and raise $2.5 billion to cover shortfalls. Washington Mutual Inc., citing growing mortgage losses, said Monday that it would slash its dividend by almost three-quarters, cut 3,150 jobs and raise $2.5 billion in new capital.
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