The huge impact of the federal home buyer tax credit program - which is now set to continue and even expand through next spring - dominates the housing resale numbers this week. FULL STORY-> Loan modification scams may not be the worst of monetary crimes, but they are certainly in the running. Taking advantage of financially distressed homeowners, the most common form of these scams is this: They take a large up-front fee (in the thousands) and then do nothing, or next to nothing, producing no beneficial results for the beleaguered borrowers. FULL STORY-> "Ignorance is bliss" was never said about real estate purchases for 7 good reasons. PJ Wade shares sound insights and practical solutions for buyers in any market. FULL STORY-> FHA's mortgage insurance reserves have dropped far below congressionally-mandated levels, but the agency still has enough of a financial cushion to handle all expected loan losses for the next 30 years, with a multi-billion dollar surplus beyond that. FULL STORY-> The recent drop in interest rates has prompted millions of households to refinance their mortgages. Borrowers who refinance need to familiarize themselves with tricky tax rules on what is or is not deductible for interest payments. Here are some reminders on how the rules work. FULL STORY-> The popular first-time homebuyer tax credit that was scheduled to end this month is being extended. President Obama signed a bill that extends the up to $8,000 tax credit for first-time homebuyers for seven months. FULL STORY-> Go e-PRO.
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