HUD, FHA, VA, and Ginnie News; Wells Fargo Mgt. Upheaval

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Posted To: Pipeline Press

Here’s a tidbit for Happy Hour tonight. Currently, about 21 percent of filers take the mortgage deduction, but under the new framework only about 4 percent would, according to recent estimates from the Tax Policy Center. Here’s a good summary of how the current proposals, which we’ll be hearing about for months and months, impact home owners. More below, but no one (Senate, House of Representatives, White House) have put a firm plan/proposal in front of the public – and heading into the Thanksgiving and Christmas breaks, no single plan has emerged. HUD, VA, and FHA News From the Government, Investors, and Lenders The U.S. Department of Housing and Urban Development (HUD) announced it is charging the owner and landlord of several rental properties in Wichita, Kansas, and his wife, who…(read more)

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