Mortgage and Financial News From 2008-1-15 Page 39

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• New mortgage-related tax breaks for 2007

  BusinessWeek - ... paid for refinancing are usually not deductible in full during the year you refinance, but are instead amortized over the life of the loan. But if you refinanced in 2007 and used part of the refinancing proceeds to substantially improve your home ...
  2008-01-15 11:22:00

• Condo auction won't happen - Las Vegas Review - Journal

  Condo auction won't happenLas Vegas Review - Journal, NV - 10 hours ago"There's too many investors and they're not being able to sell or refinance those units right now." Smith said some projects have 50 units left to sell and ...
  2008-01-15 02:07:43

• Rafael Benitez struggling to walk on - Times Online

  Rafael Benitez struggling to walk onTimes Online, UK - 10 hours agoHicks added that no further talks were planned, while there were indications from Texas last night that Hicks expects to secure a successful refinancing ...
  2008-01-15 02:18:06

• CREDIT WRAPUP 1-Citi writes off $18 bln, Merrill gets capital - Guardian Unlimited

  CREDIT WRAPUP 1-Citi writes off $18 bln, Merrill gets capitalGuardian Unlimited, UK - 7 hours agoAustralian property investor Centro Property Group, which is struggling to refinance its debt, said its current liabilities may be higher than previously ...
  2008-01-15 04:46:20

• Home slump cuts county revenue - Asbury Park Press

  Home slump cuts county revenueAsbury Park Press, NJ - 7 hours agoThe number of mortgages has been an important revenue generator in recent years as people refinanced their homes or took home equity loans, Block said. ...
  2008-01-15 04:53:30

• Gentlemen,Start Your Engines - Business Today Egypt

  Gentlemen,Start Your EnginesBusiness Today Egypt, Egypt - 7 hours ago“It’sa beautiful plan that allows you to trade in and refinance your car every few years. “These kinds of services cannot be given by any player unless he ...
  2008-01-15 05:00:54

• An Insurance Failure May Wake Up the Fed - TheStreet.com (subscription)

  An Insurance Failure May Wake Up the FedTheStreet.com (subscription), NY - 2 hours agoFor that one, go to the Capital One (COF - commentary - Cramer's Take) call. It is home equity. No loan that has a home equity loan attached to it can even ...
  2008-01-15 09:56:56

• Records Needed for Tax Preparation - Forbes

  Records Needed for Tax PreparationForbes, NY - 56 minutes ago_Form 1098 showing 2007 home mortgage interest and points, as well as mortgage insurance premiums on home acquisition debt that was new or refinanced in ...
  2008-01-15 11:27:18

• Facts About 2007 Income Tax Filing - Forbes

  Facts About 2007 Income Tax FilingForbes, NY - 56 minutes ago_Deduction for mortgage insurance premiums on home acquisition debt that was new or refinanced in 2007. Only taxpayers with adjusted gross incomes of ...
  2008-01-15 11:27:18

• New mortgage-related tax breaks for 2007 - BusinessWeek

  New mortgage-related tax breaks for 2007BusinessWeek - 48 minutes agoMost tax experts interpret this provision as meaning that if in 2007 you refinanced your home to take out extra cash from your equity -- then used that cash ...
  2008-01-15 11:34:51

• Buy American - Chicago Sports Weekly

  Buy AmericanChicago Sports Weekly, IL - 31 minutes agoAnd this week, it became clear that Gillett and Hicks will likely be forced to sell Liverpool next month after failing to refinance the massive debt in the ...
  2008-01-15 11:52:11

• Mortgage numbers looking better locally as well as nationally (Reno Gazette-Journal)

  Mortgage loan applications increased nationally by 32.2 percent during the week that ended Jan. 5, an increase of 8.7 percent compared with the same week a year ago, according to a report from the Mortgage Bankers Association.
  2008-01-15 11:15:34

• CREDIT WRAPUP 1-Citi writes off $18 bln, Merrill gets capital

  Forbes - ... Times on Friday reported Merrill was expected to suffer $15 billion in losses stemming from bad mortgage ... and JP Morgan also report results this week, which is shaping up to be a pivotal one in the credit crunch saga. "The market is set up for bad ...
  2008-01-15 04:34:00

• Business Minute: Stocks plunge...Oil prices fall...Economic woes

  WDAM-TV - WASHINGTON (AP) - A double-dose of bad economic news this morning. The government reports retail sales fell by 0.4% in ... auction, the third since last month, is part of the central bank's continuing effort to combat the effects of a serious credit ...
  2008-01-15 07:26:00

• Recession fears send markets sharply lower

  Guardian Unlimited - Shares in London saw their worst one-day fall today since the height of the credit ... Wall Street and revive the economy, Citigroup wrote off $18bn (£9bn) in bad ... Providing fresh evidence of the impact of sour sub-prime mortgage loans on the ...
  2008-01-15 10:54:00

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