Carrington EVP Rick Sharga thinks that the mortgage interest deduction — or, at least, some part of it — will be sacrificed at the altar of the fiscal cliff. It’s going to be a burden to middle- and upper-class households, Sharga says, that will only serve to hurt the real estate market.
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Theresa Niemiec, wife of Quicken Loans Executive Vice President Austin Niemiec, has filed a defamation lawsuit against Anthony Casa, CEO of the Association of Independent Mortgage Experts, for comments he made about her in a video message that he filmed and sent to her husband and others in the mortgage industry.
The share of mortgage loans in forbearance fell for the fourth week in a row to 8.18% according to the Mortgage Bankers Association’s Forbearance and Call Volume survey. The MBA approximates 4.2 million homeowners are now in forbearance.