Congress pitches relief to struggling hotel, mall CMBS borrowers
A bipartisan bill introduced in Congress on Wednesday is intended as a lifeline for hotel and shopping-center CMBS borrowers....
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AOC: Rent strikers have no choice
Rep. Alexandria Ocasio-Cortez — progressives’ rock star from New York — threw her support behind rent strikers Monday. In a virtual town hall hosted by New York tenant coalition Housing Justice for All, Ocasio-Cortez...
Congress fixed tax code “retail glitch” and gave real estate a tax windfall
Real estate owners can thank a fix to the “retail glitch” — rectified in the $2 trillion economic bailout...
House passes $2 trillion stimulus package
UPDATED, 3:46 p.m., March 27: After a brief procedural hiccup, Congress’ $2 trillion economic stimulus package is on its way to the desk of President Trump. U.S. Representatives raced back to Washington on Friday...
What’s at stake for homeowners in Congress’ lame duck session
Though the news spotlight has been on the presidential debates and the November 6 elections, a more pressing personal...
Congress weighs mortgage relief extension
Here’s some encouraging news for financially stressed homeowners across the country: The Senate Finance Committee approved a bipartisan bill before heading home for summer recess that would extend the Mortgage Forgiveness Debt Relief Act...
Most investor losses incurred by home loan refinancings would not impact U.S. economy
In its research paper on the housing market, the Federal Reserve Bank of New York urged Congress to allow...
A foreclosure escape hatch?
With hundreds of thousands of homeowners facing imminent foreclosure and estimates of 2 million or more in the wings, are there any financial tools available to distressed borrowers that haven’t been tried yet? Equally...
Home write-offs: an endangered species?
If you take mortgage interest tax deductions, the next 100 days could have significant financial implications for you, thanks to Congress’ new federal debt ceiling plan. Though the compromise legislation itself involved no new...
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