Mortgage industry fares well in fiscal cliff deal, debt forgiveness law survives

The fiscal cliff deal preserves the Mortgage Forgiveness Debt Relief Act, while also bringing back a popular tax break 1 is one that leaves room for hope in the housing market. The American Taxpayer Relief Act of 2012 apparently extends a law that expired at the end of 2011, which allowed for the.

Foreign investors pull out of US housing market Holder refuses to meet with BofA CEO At the height of the spill two years ago, BP couldn’t sell bonds and Bank of America refused to buy oil from the company. fortune at BP may give margin to U.S. Attorney General Eric Holder to.

FHA Preps Tax Credit for Down Payment Use OCC: Mortgage performance improves in third quarter Servicing transfers improve RMBS portfolio performance – OCC: Mortgage performance improves in third quarter occ: 90% of loans managed by servicers remain performing U.S. subprime RMBS performance weakens on soft home pricesWhat better way to show she means business than by clamping down on mega bonuses. near the bottom of the rankings. Though the cash value of bonuses was a record last year, the peak year for bonuses.Has spring buying season finally arrived? Winter is over and spring has finally arrived.. We've rounded up some easy and inexpensive ways to refresh your front porch or patio for the new season. Welcome. Now Watch: The 5 Best Log Cabin Kits to Buy and Build.

Many credit the Mortgage Forgiveness Debt Relief Act for much of the housing industry’s recovery in Arizona and throughout the country. Under the IRS Tax Code, debt cancellation or debt forgiveness, such as mortgage forgiveness in a short sale, is considered regular "income" for the.

ST. PAUL — Alaska Gov. Sarah Palin took to the stage at the Republican National Convention tonight and delivered the most-anticipated speech of this gathering. Palin, as expected, sought to turn her.

NewOak names Andrea Bryan managing director, credit services As a managing director of NewOak Capital LLC, I advise and execute various engagements for U.S. and international clients. These engagements range from transaction structuring, collateral analysis, due diligence reviews, and litigation support for structured products, including commercial real estate, CMBS, and project financings.

Some mortgage debt won’t qualify for this tax-free exclusion, so forgiven debt associated with them would be considered taxable income. Mortgage loans that don’t qualify include home equity loans where the proceeds were not used to buy, build, or improve the residence, as well as mortgages for.

Tax Forgiveness Act Extended until 12/31/13 In the end our goal is to do the best job possible. We have expert short sale negotiators and consult with some of the highest level mitigators from various banks. Mortgage industry fares well in fiscal cliff deal, debt forgiveness law survives.