When candidates for public office support the elimination of modification of certain homeownership benefits as a cost-cutting means, that action could cost them the election.Read More »
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Applications for large mortgages are exceeding the number for modest mortgages in today’s market. Mortgage bankers funded $26.6 billion of jumbo loans during the third quarter of last year. That’s a 30 percent gain from the same period during the ...Read More »
Many homeowners with "underwater” mortgages can still refinance their loan with a lower-cost affordable mortgage, thanks to the Home Affordable Refinance Program, recently revised and extended until Dec. 31, 2013.Read More »
As local, county and state governments face growing, and sometimes desperate, economic needs, they increasingly turn to real estate transfer taxes as a source of funding. This is a tax that may be imposed at the closing of home sales or other real property transactions.Read More »
An interesting trend is surfacing in today's housing industry. More first-time homebuyers are being financially assisted by their parents. This is particularly noticeable when the parents are among the baby boomer generation. They are showing an intense interest in helping their children and grandchildren become homeowners.
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