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The California state legislature has been considering a tax that would be imposed on homeowners who need to record certain documents with their counties This $75 per document tax will be imposed on a variety of documents, which will include, for example, documents related to refinancing properties, ... » Learn More about Legislature Considers Another Tax on Homeowners

A Senate plan to wind down Fannie Mae and Freddie Mac faces its first major hurdle this week. The bill, written by Senate Banking Committee Chairman Tim Johnson (D-S.D.) and Ranking Member Mike Crapo (R-Idaho), would replace the companies with a new federal mortgage insurer and move more of the ... » Learn More about Fate of Fannie, Freddie Replacement May be Decided this Week

Most home buyers know they'll pay for desirable locations, whether it's conveniently near their workplace or pleasantly distant from it. But a recent look at commuting costs by Credit.com reminds buyers to put the figures into stark black and white, even if the lender doesn't require it. Many ... » Learn More about Is Your Work Commute a Mortgage Killer?

Since the expiration of the Mortgage Forgiveness Debt Relief Act, home owners have been thinking twice about proceeding with a short sale, says CoreLogic deputy chief economist Sam Khater. A sharp drop in short sales began at the start of this year, likely because of the increase in taxes borrowers ... » Learn More about Homeowners Think Twice About Doing a Short Sale – Taxes Can Kill Them