Showing posts with label mortgages. Show all posts
Showing posts with label mortgages. Show all posts

Fannie Mae Needs Another $4.6Billion From Taxpayers

Government bailouts, the gift that keeps on giving. Mortgage giant Fannie Mae said Wednesday that it lost money in the fourth quarter and is asking the federal government for nearly $4.6 billion in aid to cover its deficit. Washington, D.C.-based Fannie said it lost roughly $2.4 billion in the October-December quarter, stung by declining home prices.      ... MORE

Randazzo & Stansel: The Upper-Class Entitlement

It's time to end the mortgage interest deduction. The federal income tax code is full of complicated deductions, credits, and loopholes, which together exempted $1.2 trillion from taxation in 2009. The single largest benefit, amounting to around 35 percent of the total, is the mortgage interest deduction. This longstanding incentive, which allows individual ... MORE