There’s no doubt that the mortgage meltdown will be one of the most important issues facing the Obama administration. Finding a logical resolution won’t be easy. It will require a solution that’s balanced and beneficial to both mortgage holders and lending institutions.
With gas prices hovering around $4 a gallon for the foreseeable future, will suburbs see subdued demand even after other housing areas regain strength? REALTOR® magazine brought together industry analysts and practitioners to debate that question.
One very effective and immediate way to make more home deals financially attractive to investors is to revise the current limitations on tax deductions for passive losses incurred from real estate investments.
Every March, as publisher of the magazine, I report to you on how the publication is doing. But this year, I want to wear my other hat — that of senior vice president of communications for the NATIONAL ASSOCIATION OF REALTORS® — to let you know what NAR is doing to tell a more balanced and accurate story of what’s happening in real estate markets.
In December 2006, REALTOR® Magazine published an article I wrote about loan valuation fraud, “Loan Fraud Alert.” In that article, I talked about some of the many ways in which often-innocent real estate practitioners are becoming parties to mortgage fraud.
Since then, we have seen the collapse of the subprime mortgage market. Lenders have tightened credit...