A Radical New Proposal for the Mortgage Interest Tax Deduction
The Common Sense Housing Investment Act would help millions more Americans claim the mortgage-interest tax deduction -- and still boost the government's tax revenues.
Federal Housing Administration
Should We Get Rid of Fannie Mae and Freddie Mac?
What if Fannie Mae and Freddie Mac, the government-owned housing agencies that backstop so many of the nation's mortgages, ceased to exist? A new report from an influential bipartisan think tank says that's what should happen.
Hurricane Sandy Victims: Disaster Relief Programs You May Not Know About
After a natural disaster like Hurricane Sandy, victims are understandably desperate to receive relief funds, but they often don't know the best way to get them. DailyFinance is here to help, with this list of programs designed to help you rebuild after the storm.
US Files Civil Mortgage Fraud Lawsuit Against Wells Fargo
The U.S. government filed a civil mortgage fraud lawsuit on Tuesday against Wells Fargo & Co, the latest legal volley against big banks for their lending during the housing boom.
FHA Loan Limit Raised, Despite Opposition
On Thursday, Congress moved to raise the loan ceiling for mortgages backed by the Federal Housing Administration on Thursday, despite some lawmakers' fears of artificially propping up the market.
Reverse Mortgage: Is It a Good Bet for You?
The reverse mortgage was invented to help seniors facing economic hardship access the equity in their homes. But these loan products are complicated, expensive and ripe for abuse, which lead a reader named Fred to ask DailyFinance's Laura Rowley for some advice. Here's what she told him:
Obama's Mortgage Reforms: Higher Standards -- and Costs
The administration's proposed revamp of Fannie Mae and Freddie Mac is actually an offering of multiple policy options, essentially passing the political hot potato to the Republicans. Problem is, any fix is sure to make mortgages costlier, with potential harm to the housing market.
Banks Demanding Higher Credit Scores for Mortgages
Bank of America and Wells Fargo were among banks that tightened credit standards for mortgages insured by the Federal Housing Administration in a move that may put a crimp in the U.S. housing recovery by effectively eliminating 6.3 million people from the potential home buying pool.
