Posts Tagged Housing Recovery Fund

Only 26% claim mortgage deduction

The use of the deduction varies from region to region, ranging from a high of 37% of taxpayers in Maryland to a low of 15% in North Dakota and West Virginia, according to a USA Today analysis of IRS data.The use of the deduction varies from region to region, ranging from a high of 37% of taxpayers in Maryland to a low of 15% in North Dakota and West Virginia, according to a USA Today analysis of IRS data.

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Housing Market on the Rebound?

We’re all tired of the doom and gloom news about the decline in the housing market. But Goldman Sachs Group, the New York-based banking giant that survived the subprime mortgage crisis, is not only predicting an imminent rebound, they’re investing in one.We’re all tired of the doom and gloom news about the decline in the housing market. But Goldman Sachs Group, the New York-based banking giant that survived the subprime mortgage crisis, is not only predicting an imminent rebound, they’re investing in one.

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Foreclosure Settlements Expiring for Homeowners

Time has run out for millions of homeowners who lost their home to foreclosure in 2009 and 2010 to have their cases reviewed for errors. As part of a settlement between federal bank regulators and mortgage servicers, homeowners whose cases were found to have errors may have been entitled to compensation ranging from hundreds to even thousands of dollars.Time has run out for millions of homeowners who lost their home to foreclosure in 2009 and 2010 to have their cases reviewed for errors. As part of a settlement between federal bank regulators and mortgage servicers, homeowners whose cases were found to have errors may have been entitled to compensation ranging from hundreds to even thousands of dollars.

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Federal Guidelines Expediting Short Sale Procedures

The Federal Housing Finance Agency has heard the plight of homeowners, buyers and lenders and has now issued new guidance requirements intended to expedite the process for Fannie Mae and Freddie Mac backed loans.The Federal Housing Finance Agency has heard the plight of homeowners, buyers and lenders and has now issued new guidance requirements intended to expedite the process for Fannie Mae and Freddie Mac backed loans.

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