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
W S

News

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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Lenders fear weakening mortgage demand in 2015

Forecast calls for modest housing expansion
Trey Garrison
The outlook for 2015 is generally good, but lenders are worried that demand for mortgages is going to slow. Here's why, and why they may be right to worry.
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Looking for New York City apartments just got easier

Revaluate website's interactive apartment map details costs, risks
Levi Shultz
Revaluate is geared toward providing in-depth detail of apartments in New York City through a more interactive process. Using its map search tool, users can view apartments in specific areas of New York without having to pay fees for a broker.
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Senate approves short sale tax break

Allows tax relief on 2014 short sales
Ben Lane
Homeowners who had short sales in 2014 were facing massive tax bills unless Congress extended short sale tax breaks. The House of Representatives did its part two weeks ago, and now the Senate has followed suit.
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Oppenheimer raises Ellie Mae’s price target

Sees 3 important growth factors
Brena Swanson
One investment company believes Ellie Mae will benefit from three key factors that will help boost its stock.
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Mortgage applications fall 3.3.% for week despite continued low rates

Third week of declines comes amid global economic unrest
Trey Garrison
For the third week in a row, mortgage application activity dropped, despite the drop in already low interest rates.
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