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Low mortgage rates hold for second straight week (Courier-Post) Mortgage rates held below the 5 percent threshold for the second straight week, a report said Thursday, weeks before a government program that has been keeping rates low is scheduled to expire.
More consumers pay credit card, but not mortgage (St. Louis Post-Dispatch) CHICAGO — U.S. consumers are starting to look like a frugal, debt-fearing lot as they pay down billions of dollars in credit-card obligations. But an alarming trend is emerging: A small but growing number of people are skipping mortgage payments in favor of paying their credit card bills.
Some tax issues to consider on mortgage write-downs (Washington Post) With the Obama administration and private lenders actively considering mortgage principal-reduction programs to help financially distressed homeowners, the Internal Revenue Service has issued a new advisory to taxpayers who receive -- or seek to receive -- such assistance. The IRS gets involved in mortgage principal write-downs because the federal tax code generally treats any forgiveness of ...