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It appears that the sacred cow known as the mortgage interest deduction is on the table as the White House and Congress grapple on a budget deal to lift the federal debt ceiling.
July 22 -
Six Federal Home Loan banks have launched a salvo against Bank of America Corp.'s proposed $8.5 billion mortgage bondholder settlement, suggesting the payout may need to be triple that amount.
July 22 -
Sen. Robert Menendez, D-N.J. is demanding the release of federal reviews of 14 banks that have agreed to fix their foreclosure processes and reimburse homeowners for any harm caused.
July 21 -
A Florida Bar Association opinion could have costly legal ramifications for banks embroiled in the robosigning controversy.
July 21 -
The Neighborhood Assistance Corp. of America has filed a lawsuit against the Department of Housing and Urban Development, accusing the agency of "trying to silence and undermine" the homeowner assistance group.
July 21 -
The California Association of Realtors declared victory in getting a bill signed into law that prohibits junior lien holders from pursuing a deficiency judgment on short sales.
July 21 -
The Obama administration late Wednesday said it would veto House legislation aimed at restructuring the brand new Consumer Financial Protection Bureau.
July 21 -
Loan brokers and correspondents that live in fear of mortgage buy back requests from secondary market investors may have a new nemesis to worry about: the Federal Deposit Insurance Corp.
July 21 -
WASHINGTON — Wells Fargo & Co. will have to pay an $85 million civil penalty for misleading borrowers into costly subprime loans, the Federal Reserve Board said Wednesday.
July 20 -
The Office of the Comptroller of the Currency has issued a final rule that amends its preemption rules and places federally chartered thrifts under the same preemption rules as national banks.
July 20
