Mar 12, 2010 04:14PM

Some tax issues to consider on mortgage write-downs (Washington Post)

With the Obama administration and private lenders actively considering mortgage principal-reduction programs to help financially distressed homeowners, the Internal Revenue Service has issued a new advisory to taxpayers who receive -- or seek to receive -- such assistance. The IRS gets involved in...

Mar 12, 2010 06:03PM

Mortgage interest rates down for second week as home loan applications rise (Washington Post)

Mortgage interest rates declined for a second consecutive week as the number of home loan applications rose.

Mar 12, 2010 01:56PM

Government mortgage plan aids 16% of borrowers (USA Today)

The Obama administration's mortgage relief plan has helped only about 16% of borrowers who signed up since its launch last year, while hundreds of thousands of homeowners remain in limbo.

Mar 12, 2010 12:23PM

Some tax issues to consider on mortgage write-downs (Washington Post)

With the Obama administration and private lenders actively considering mortgage principal-reduction programs to help financially distressed homeowners, the Internal Revenue Service has issued a new advisory to taxpayers who receive -- or seek to receive -- such assistance. The IRS gets involved in mortgage principal write-downs because the federal tax code generally treats any forgiveness of ...

Mar 12, 2010 12:31PM

Wells Fargo, Baltimore in talks after mortgage suit (Reuters via Yahoo! News)

Wells Fargo & Co said on Friday it is in talks with Baltimore officials that could avert further litigation by that city over the bank's mortgage lending practices.