Mortgage News Daily – Apr 23 2015 by: Jann Swanson Apparently all is forgiven and forgotten and Americans are again embracing real estate as more than just shelter. For the second year in a row a Gallup telephone survey conducted in April found Americans think it is the best kind of long-term investment. Investing in
Bloomberg News – August 13, 2015 “Americans living in rentals spent almost a third of their incomes on housing in the second quarter, the highest share in recent history. Rental affordability has steadily worsened, according to a new report from Zillow Group Inc., which tracked data going back to 1979. A renter making the median income
Bloomberg: U.S. Mortgage Rates Fall With 30-Year at an 18-Month Low: Mortgage rates in the U.S. declined, keeping borrowing costs at the lowest levels since May 2013.
The Senate recently approved a bill that would retroactively extend over 50 expiring tax provisions for one year, including one that shields distressed homeowners from paying taxes on any mortgage debt forgiven in a short sale.