New Tax Rules May Hurt House-Hoppers Part of the housing-stimulus package recently signed into law could reduce the appeal of a tax-saving strategy used by wealthy home-hoppers. Many owners might not be eligible to claim the
Fannie Mae CEO's bonus target set at $2.6 million (Reg Req'd) Real estate loan giant adds new goal for exec Fannie Mae set the 2006 target bonus of Chief Executive Daniel H. Mudd at 2.75 times his salary, or $2.61 million,
Interest Rate Roundup Here's a look at the state of interest rates on five common consumer banking products and the latest rates from Bankrate.com's weekly national survey of large banks and thrifts.read more...
Mortgage woes sting insurer MGIC again (Reuters via Yahoo! News) MGIC Investment Corp , the largest U.S. mortgage insurer, recorded another losing quarter on Wednesday, as the bond insurance industry continues to grapple with rising defaults in the U.S.
Opening Glance: Mortgage Lenders decline (AP via Yahoo! Finance) Shares of mortgage lenders slipped Monday after a Friedman, Billings, Ramsey analyst downgraded Countrywide Financial Corp. to "Underperform."read more...
Sox brass watch as grass grows dollars The Boston Red Sox, the championship team that can peddle anything to anyone these days, is now selling dirt.read more...
A Florida car dealer is asking $72.5 million for his Palm Beach house … Rev. Run has relisted his suburban New Jersey home for $5.2 million, a 6% price cut … A house on Carbon Beach in Malibu has an asking price of $65 million.
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