Senate approves short sale tax break

Senate approves short sale tax break

Allows tax relief on 2014 short sales

Senate fails to pass Terrorism Risk Insurance Act

Housing groups "extremely disappointed" in "alarming failure"

Another regulator investigates Ocwen Financial

Ocwen’s terrible, horrible, no good, very bad year just got worse
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News

Congressional budget bill kills HUD homeowner assistance program

HAWK program designed to offer savings on FHA-insured loans
Ben Lane
One of the most ballyhooed features of the FHA’s plan to help ease credit availability is not going to happen, thanks to budgetary wrangling in Congress. The HAWK program is no more.
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Political theater: Community groups giving HUD “Grinch of the Year” award

Advocates say distressed asset sales drive foreclosures
Trey Garrison
Get ready for a little coal in the stocking for the FHA — community groups and housing advocates are protesting the Distressed Asset Stabilization Program. Here's what will happen Thursday.
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Yellen talks interest rates and oil prices

Fed Chair comments on FOMC announcement
Brena Swanson
Federal Reserve Chair Janet Yellen commented on two hot topics in the market right now: interest rates and oil prices. And her answers might surprise you.
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5 predictions for NYC real estate in 2015

Condo sales, capital markers, construction costs and more
Trey Garrison
The Big Apple's real estate market faces some serious challenges and opportunities in 2015. Here's what one insider has to say.
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Bank of America, U.S. Bancorp face another MBS suit

NCUA files lawsuit against two large banks
Brena Swanson
Some of the country's biggest banks are facing another mortgage-related lawsuit. This time the National Credit Union Administration Board is filing the suit, claiming that both Bank of America and U.S. Bancorp failed to review mortgage loan files for irregularities.
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FOMC: Fed maintains federal funds rate

3 charts reveal the Fed’s economic projections
Brena Swanson
According to the latest Fed meeting, the current 0% to .25% target range for the federal funds rate will likely be appropriate for a considerable time following the end of its asset purchase program in October.
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Senate fails to pass Terrorism Risk Insurance Act

Housing groups "extremely disappointed" in "alarming failure"
Trey Garrison
The Terrorism Risk Insurance Act is critical to the housing industry, and despite passing the House on a bipartisan vote, the Senate failed to reauthorize it before recessing. Here's what the industry has to say.
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State of New York bans fracking

Cuomo officially bans oil and gas extraction process for entire state
Ben Lane
Citing the potential for air and water pollution and "inestimable public-health risks," the state of New York has officially banned the oil and gas extraction process known as fracking. The move becomes that latest in an ongoing nationwide battle over fracking. Here's why it matters for housing.
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Bipartisan Policy Center offers blueprint to reinvent housing policy

Study calls for a dynamic new approach
Trey Garrison
The Bipartisan Policy Center is always looking for new solutions and ideas for policymakers, and its prescription for housing policy is no exception. Here's a look.
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HOPE NOW: 39,000 homeowners saved from foreclosure

Continues steady pace of mortgage solutions
Brena Swanson
Servicers maintained a steady pace of loan modification for homeowners in October, with the number of solutions outpacing foreclosure sales.
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