Provisions of housing-mortgage relief bill (The Salt Lake Tribune)
How the housing bill passed by Congress and signed into law last week by the president affects homeowners: All homeowners who do not itemize their income taxes can deduct $500 to $1,000 from their 2008 federal taxes.
The Unwanted Housing Glut
The Unwanted Housing Glut Holman Jenkins writes: Where are the hosannas for Congress’s handiwork on housing? The key word is refinance. Even if this money helps prevent foreclosures, it’s aimed at houses that people want and that would likely resell even if foreclosed. Hardly touched is the real problem of tens of thousands of houses financed during the subprime boom that are unoccupied, unwanted, falling apart, built on spec, mortgaged on spec and abandoned on spec. Washin
S&P emails slammed mortgage debt products: report (Reuters)
S&P emails slammed mortgage debt products: report (Reuters) The SEC spent 10 months looking at the biggest ratings firms: Moody’s (MCO.N), Standard &
Debt Rattle, August 3 2008: Awful News for British Banks Day
National Photo Company Collection Housing Boom 1923 “Allied Asphalt Products Co., 4700 block of 8th St.” The Joseph Shapiro Company Exhibit House at Eighth and Crittenden streets N.W. in Washington, D.C. Ilargi: With Friday now renamed “US Bank Failure Day”, we should perhaps opt to re-baptize Sunday as “Awful News for British Banks Day”. British home prices fell by 10%. That returns them to 2006 levels. Now, remember, a few days ago, Meredith Whitney said that even a return to 2002-20