Management Changes; New Securitization; The Economics Moving Bond Markets

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Posted To: Pipeline Press

Lenders charge an interest rate commensurate with the risk, and potential for not being paid back. But disasters and taxes can complicate things. Mortgage News Daily points out that, “In 2007…Congress put a temporary policy in place to exclude forgiven home mortgage debt from any tax obligation. That exclusion has been extended several times… The National Association of Realtors (NAR) has long advocated for making the exclusion permanent, maintain that taxing forgiven debt as income adds an additional burden on an individual or family just as they have actually experienced true economic loss, and when they are unlikely able to pay additional taxes.” Capital Markets We’ve been hearing that rates will eventually go up for quite some time. And they have. The sudden…(read more)

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