Tag: Mortgages

Trump Moves to Send Mortgage Giants Back to Private Sector

WASHINGTON — The Trump administration on Thursday unveiled a long-awaited plan to end federal control of two mortgage giants that were bailed out by taxpayers during the 2008 financial crisis and return them to the private sector. The administration’s 49 recommendations to overhaul America’s housing finance system are unlikely to find an eager audience in […]

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As Mortgage-Interest Deduction Vanishes, Housing Market Offers a Shrug

PLAINFIELD, Ill. — The mortgage-interest deduction, a beloved tax break bound tightly to the American dream of homeownership, once seemed politically invincible. Then it nearly vanished in middle-class neighborhoods across the country, and it appears that hardly anyone noticed. In places like Plainfield, a southwestern outpost in the area known locally as Chicagoland, the housing […]

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Lower Rates Already Hit Housing. They’re Not Helping Much.

Cheaper mortgages are usually a boon to the housing market. But this year, a sharp drop in mortgage rates hasn’t provided much of a lift, and that could bode poorly for the Federal Reserve’s efforts to shore up economic growth. To see why, take a look at what has happened in housing since mortgage rates […]

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Why Rate Cuts Don’t Help Much Anymore

Now that it has finally happened, don’t expect the Federal Reserve’s long-awaited rate cut to make all that much of a difference for the economy. In the weeks leading up to Wednesday’s decision to cut the benchmark Fed funds rate by 0.25 points to 2.25 percent, the stock market seemed to leap whenever Jerome H. […]

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The Fed Just Cut Interest Rates. Here’s What That Means for You.

Americans juggle a lot of interest rates in their daily lives. They pay interest on car loans, credit card balances and mortgages. They earn interest, at least a little, on the money they save with banks. Technically speaking, Federal Reserve officials did not touch any of those rates when they announced a quarter-point interest-rate cut […]

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Dozens of Nursing Homes With HUD-Backed Mortgages Have ‘Serious Deficiencies’

Dozens of the worst-run nursing homes in the United States have mortgages guaranteed by a federal agency that mostly stopped inspecting such homes several years ago. Seventy-four nursing homes with mortgages insured against default by the agency, the Department of Housing and Urban Development, are among 478 homes identified this month by two United States […]

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Risky Borrowing Is Making a Comeback, but Banks Are on the Sideline

A decade after reckless home lending nearly destroyed the financial system, the business of making risky loans is back. This time the money is bypassing the traditional, and heavily regulated, banking system and flowing through a growing network of businesses that stepped in to provide loans to parts of the economy that banks abandoned after […]

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A Nursing Home Chain’s Collapse Leaves the Government on the Hook

The cracks in the foundation of a Chicago nursing-home business began to appear almost immediately. The owners stopped making mortgage payments on their crown jewel, the Rosewood Care Centers, barely a year after buying it in 2013. Paperwork about the chain’s finances was never filed with the government. Some money meant for the 13 nursing […]

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