The News Review:
- Q: Can points from a refinanced mortgage be deducted on my taxes?
- Mortgage Lender Residential Finance Corp. Expands into Former …
- Maid-Turned-Realtor Ran Vegas Mortgage Scam, Prosecutors Say
- LA Land profile: Kal Wayman, “Not your mother’s mortgage broker”
- Military Intelligence ‘” Government allows VA to refinance more loans
- FHA Helps 400000 Families Find Mortgage Relief
Q: Can points from a refinanced mortgage be deducted on my taxes?
Louisville Courier-Journal, KY
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Q: Can points from a refinanced mortgage be deducted on my taxes? | courier-journal | The Courier-Journal.
Mortgage Lender Residential Finance Corp. Expands into Former …
MarketWatch
, Oct 29, 2008 (BUSINESS WIRE) –
Residential Finance Corporation (RFC), a nationwide home mortgage
lender specializing in refinance, today announced that the company has
expanded operations in Tampa with a move to Class A office space at One
Metro Center in the MetWest International Office Park. The space was
previously occupied by IndyMac Bank, F. In the move, RFC also
increased staff by twenty-five percent.
Maid-Turned-Realtor Ran Vegas Mortgage Scam, Prosecutors Say
Bloomberg
“Agentscould walk in the door, trip over the front step and make a$10,000 commission. '' Angry Paramedic Grimm has been in the real estate business much longer thanMazzarella. Grant Stolworthy, a Las Vegas paramedic, says Grimmclaimed to have years of experience when he helped Stolworthyrefinance his house in April 1997. Stolworthy's goal was to net $10,000 to pay off other debts. In the end, he says, the money went to Grimm's fees, and he gotnothing. They fought in court for six years, and Stolworthy spent$30,000 on legal fees before Grimm agreed to pay about $5,000 in asettlement, Stolworthy says. Grimm told Stolworthy he was from Iowa.
Related: Orange County man admits to $28 million golf scam
LA Land profile: Kal Wayman, “Not your mother’s mortgage broker”
Los Angeles Times, CA
For example, I had a phone number called "Kal’s Party Line" — You would call it to find out where the party was, and at the end it would say, ‘If you need a mortgage or refinance, call Kal. " At its peak, it would receive 4,000 calls a week. I created matchbooks and gave them out to bars in Atlanta. One side had my face and the other side said, "Got Mortgage? Call Kal!" I spread 20,000 of them around bars in the city of Atlanta. I still go out and find them.
Military Intelligence ‘” Government allows VA to refinance more loans
Frederick News Post (subscription), MD
Under the Veterans’ Benefits Improvement Act of 2008, veterans can refinance a subprime or conventional mortgage with the Department of Veterans Affairs for up to 100 percent of the value of the property, and a maximum loan size of $729,750, according to a statement from the VA. Previously, these loans were capped at 90 percent of the value of the property, and a total value of $144,000.
FHA Helps 400000 Families Find Mortgage Relief
Originator Times
May 2008 – FHA helps 200,000 families refinance their mortgages since September 2007. July 2008 – FHA expands FHASecure to help homeowners with adjustable rate subprime mortgages who can no longer afford their mortgages and missed up to three monthly mortgage payments over the past 12 months. Rather than go into foreclosure, eligible borrowers can refinance with FHA and lenders can voluntarily write down the outstanding subprime mortgage principal balances. August 2008 – FHA helps 300,000 families refinance their mortgages since September 2007. October 2008 – HUD launches the HOPE for Homeowners program to refinance mortgages for eligible borrowers who are having difficulty making their payments, but, after a write-down in principal, can afford a new loan insured by HUD’s Federal Housing Administration. October 2008 – FHA helps 400,000 families refinance their mortgages since September 2007.