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Tax deduction for mortgage interest could be on the chopping block

Tax deduction for mortgage interest could be on the chopping block

It's been around since 1913, but its time may be up. Such a change would generate billions of dollars in federal revenue that could be used to cut the deficit while inflicting little pain on most middle-class homeowners.

 

Wells Fargo 'Robo Signers' Apparently Used In Foreclosures

With one out of every 245 Minnesota housing units in foreclosure during September, news has broken that Wells Fargo, along with other big banks, may have helped push some homeowners off properties with the use of "robo signers."And the bank, with deep ties to Minnesota, has no intention of changing its ways.

 

Officials in 49 states launch foreclosure probe

Officials in 49 states launch foreclosure probe

Officials in 49 states have launched a joint investigation into allegations that mortgage companies mishandled documents and broke laws in foreclosing on hundreds of thousands of homeowners.

 

Obama will not sign foreclosure bill: White House

President Barack Obama will not sign legislation that could have made it more difficult for homeowners to challenge unjustified foreclosure actions, the White House said on Thursday.

 

Obama Plans Refinancing Aid, Loans for Jobless Homeowners, HUD Chief Says

Obama Plans Refinancing Aid, Loans for Jobless Homeowners, HUD Chief Says

Michael Feder, chief executive officer of Radar Logic Inc., talks about US home prices and the outlook for the housing market. US home prices fell 1.6 percent in the second ...

 

Inspector Says Loan Modification Program Has Fallen Short

Only 340,000 homeowners have had their mortgages permanently adjusted under the program, a small fraction of those needing assistance.

 

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