Trump tax plan

A larger share of Manhattan high-end residential property purchasers took out a mortgage during the third quarter rather than pay all cash for their condominium

More than half of the benefit of repealing the $10,000 deduction cap for state and local taxes would go to millionaires, according to Congress's nonpartisan tax scorekeeper.

President Trump's tax reform package had an impact on nearly half of potential buyers searching for a new home, nine percentage points less than one year ago, according to a new Redfin survey.

Angelo Mozilo had a front-row seat during the collapse in housing prices a decade ago. Now the former chief executive officer of Countrywide Financial Corp. is predicting another drop, and for some homeowners it may be even worse.

Tax reform leaves mortgage-related deductions far too low to help the average homeowner this tax season, in contrast to last year, when they slightly exceeded the standard deduction.

While student, auto and credit card balances are at or near record levels, housing debt is shrinking, credit quality is weakening a bit and lending standards, at least in some sectors, are tightening.

Southern California home sales fell sharply in November, deepening a retreat from a sustained housing boom that placed home ownership out of reach for many.

Sales of previously owned homes rose to a four-month high in March as buyers, fueled by a solid job market and tax cuts, quickly snapped up the limited number of available properties.

Fannie Mae increased its second-quarter mortgage origination projection by $7 billion as refinance volume is remaining stronger than previously expected.

President Donald Trump's new tax law set off a false alarm for homeowners planning to borrow against the equity in their houses.

Recent tax cuts could negatively affect home prices over the long run, according to a survey of economists and other housing market experts.

National MI set a record for new insurance written in the fourth quarter, but its parent company reported a net loss for the period due to tax reform.

Tax reform caused Fannie Mae to burn through retained earnings that had been approved just two months ago and to post a fourth-quarter loss. CEO Timothy Mayopoulos argued it was a one-time event that overshadowed strong fundamentals.

Bonus depreciation, Section 179, interest and loss limitations — what does it all mean?

The changes to the tax code reduced Radian Group's fourth-quarter net income as the company took an incremental provision of $102.6 million.

Flagstar Bancorp swung to a fourth-quarter loss as the company took an $80 million noncash charge to earnings because of the tax reform bill.

The changes created by tax reform will be a mixed influence on housing as consumers will have more to spend to buy a property, but lose other benefits of homeownership.

The Taxs Cuts and Jobs Act preserves most of existing benefits for owners, operators, and investors, and provides a few new perks as well; there are some trade-offs to be made, however.

The new tax law helped boost fourth-quarter results at SunTrust Banks in Atlanta, while the recent rate hikes led to gains in spread income.

The new cap on the mortgage interest deduction should help the first time home buyer market by forcing sellers to lower prices, at least in the near term.