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November 22, 2010 at 9:41 AM in reply to: RollingStone: Matt Taibbi: Courts Helping Banks Screw Over Homeowners #632774November 22, 2010 at 9:41 AM in reply to: RollingStone: Matt Taibbi: Courts Helping Banks Screw Over Homeowners #632852
jficquette
ParticipantThe parties doing the real screwing were the ones that lied on their mortgage application when giving income.
November 22, 2010 at 9:41 AM in reply to: RollingStone: Matt Taibbi: Courts Helping Banks Screw Over Homeowners #633425ParticipantThe parties doing the real screwing were the ones that lied on their mortgage application when giving income.
November 22, 2010 at 9:41 AM in reply to: RollingStone: Matt Taibbi: Courts Helping Banks Screw Over Homeowners #633553ParticipantThe parties doing the real screwing were the ones that lied on their mortgage application when giving income.
November 22, 2010 at 9:41 AM in reply to: RollingStone: Matt Taibbi: Courts Helping Banks Screw Over Homeowners #633874ParticipantThe parties doing the real screwing were the ones that lied on their mortgage application when giving income.
November 16, 2010 at 9:31 AM in reply to: OT: Estimated state budget deficit reaches $25.4 billion #631199ParticipantLay off 30% of state employees and problem solved.
November 16, 2010 at 9:31 AM in reply to: OT: Estimated state budget deficit reaches $25.4 billion #631276ParticipantLay off 30% of state employees and problem solved.
November 16, 2010 at 9:31 AM in reply to: OT: Estimated state budget deficit reaches $25.4 billion #631849ParticipantLay off 30% of state employees and problem solved.
November 16, 2010 at 9:31 AM in reply to: OT: Estimated state budget deficit reaches $25.4 billion #631978ParticipantLay off 30% of state employees and problem solved.
November 16, 2010 at 9:31 AM in reply to: OT: Estimated state budget deficit reaches $25.4 billion #632295ParticipantLay off 30% of state employees and problem solved.
ParticipantHave not read all of the posts but wanted to share an idea I had in 1981.
I was a Div Controller for the NOLA Div of US Home. We were building 600 homes or so a year in Louisiana at the time.
I had this idea that you eliminate the mortgage deduction but you made the income on mortgage’s tax free to investors. Sort of like muni’s are today.
The idea was that it would effectively reduce conforming mortgage rates by about 35% or so. This was back when mortgage rates peaked at 21.5% or so.
I was able to mention it to the corporate controller when he visited the office one time but he was so dense he didn’t grasp the benefits.
Perhaps if we were to do that now we could keep mortgage rates low and since now a days a lot of people’s standard deductions are greater than the mortgage deduction then it would not really affect the tax revenue to the government as much as one would expect. It would however give a market reason to have lower mortgage rates as opposed to manipulation by the Fed.
John
ParticipantHave not read all of the posts but wanted to share an idea I had in 1981.
I was a Div Controller for the NOLA Div of US Home. We were building 600 homes or so a year in Louisiana at the time.
I had this idea that you eliminate the mortgage deduction but you made the income on mortgage’s tax free to investors. Sort of like muni’s are today.
The idea was that it would effectively reduce conforming mortgage rates by about 35% or so. This was back when mortgage rates peaked at 21.5% or so.
I was able to mention it to the corporate controller when he visited the office one time but he was so dense he didn’t grasp the benefits.
Perhaps if we were to do that now we could keep mortgage rates low and since now a days a lot of people’s standard deductions are greater than the mortgage deduction then it would not really affect the tax revenue to the government as much as one would expect. It would however give a market reason to have lower mortgage rates as opposed to manipulation by the Fed.
John
ParticipantHave not read all of the posts but wanted to share an idea I had in 1981.
I was a Div Controller for the NOLA Div of US Home. We were building 600 homes or so a year in Louisiana at the time.
I had this idea that you eliminate the mortgage deduction but you made the income on mortgage’s tax free to investors. Sort of like muni’s are today.
The idea was that it would effectively reduce conforming mortgage rates by about 35% or so. This was back when mortgage rates peaked at 21.5% or so.
I was able to mention it to the corporate controller when he visited the office one time but he was so dense he didn’t grasp the benefits.
Perhaps if we were to do that now we could keep mortgage rates low and since now a days a lot of people’s standard deductions are greater than the mortgage deduction then it would not really affect the tax revenue to the government as much as one would expect. It would however give a market reason to have lower mortgage rates as opposed to manipulation by the Fed.
John
ParticipantHave not read all of the posts but wanted to share an idea I had in 1981.
I was a Div Controller for the NOLA Div of US Home. We were building 600 homes or so a year in Louisiana at the time.
I had this idea that you eliminate the mortgage deduction but you made the income on mortgage’s tax free to investors. Sort of like muni’s are today.
The idea was that it would effectively reduce conforming mortgage rates by about 35% or so. This was back when mortgage rates peaked at 21.5% or so.
I was able to mention it to the corporate controller when he visited the office one time but he was so dense he didn’t grasp the benefits.
Perhaps if we were to do that now we could keep mortgage rates low and since now a days a lot of people’s standard deductions are greater than the mortgage deduction then it would not really affect the tax revenue to the government as much as one would expect. It would however give a market reason to have lower mortgage rates as opposed to manipulation by the Fed.
John
ParticipantHave not read all of the posts but wanted to share an idea I had in 1981.
I was a Div Controller for the NOLA Div of US Home. We were building 600 homes or so a year in Louisiana at the time.
I had this idea that you eliminate the mortgage deduction but you made the income on mortgage’s tax free to investors. Sort of like muni’s are today.
The idea was that it would effectively reduce conforming mortgage rates by about 35% or so. This was back when mortgage rates peaked at 21.5% or so.
I was able to mention it to the corporate controller when he visited the office one time but he was so dense he didn’t grasp the benefits.
Perhaps if we were to do that now we could keep mortgage rates low and since now a days a lot of people’s standard deductions are greater than the mortgage deduction then it would not really affect the tax revenue to the government as much as one would expect. It would however give a market reason to have lower mortgage rates as opposed to manipulation by the Fed.
John
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