May 2011

(Source: Fox Business By George Saenz) – Dear Tax Talk, I am over 59½ and unemployed. I would like to pay off my mortgage by taking $100,000 from my standard IRA. How much taxes do I withhold?

May 12 (Source: The Hartford Courant, Connecticut By Kenneth R. Gosselin) – Mortgage rates dropped to their lowest levels this year, after reports on employment growth were mixed and home prices remained depressed.

(Source: Scripps Howard News Service By POLYANA DA COSTA) – Jessica Ullrich was hopeful when she learned of the Home Affordable Refinance Program, which she thought would allow her to refinance her mortgage at a lower interest rate even though [...]

(Source: Money Marketing) – I was interested last week to note some of the vitriol NatWest has been met with in response to its move to replace phone calls with Livetalk, an instant messaging service. It made me wonder if [...]

(Source: Money Marketing) – The European Mortgage Federation says the European Commission should leave individual member states to formulate their own mortgage regulation.

NEW YORK (Source: Associated Press/AP Online By Janna Herron and Derek Gravitz) – Mortgage rates have hit lows for the year and could soon near the decades-low levels of last year.

(Source: Money Marketing) – The FSA has called for improvements to how lenders implement forbearance strategies, says Natalie Holt The FSA has told lenders to review the way they deal with borrowers who are struggling to pay their mortgage, at [...]

May 12- (Source: North County Times By Eric Wolff) -Lenders are doing better than individuals in pricing houses for quick sales; however, lenders can be difficult to deal with once buyers have started negotiations, said real estate agents and real [...]

WASHINGTON (Source: MarketWatch By Ronald D. Orol) — Federal Deposit Insurance Corp. Chairman Sheila Bair on Thursday raised concerns about potential further costs to financial institutions from investors seeking to force banks to repurchase mortgages.