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OFHEO Proposes Capital Rules for GSEs

...change is proposed because the current treatment of FHA insurance associated with single-family loans with an LTV below 78-percent is inconsistent with current law. The proposed changes in the NPR...

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U.S. House Passes Mortgage-Related Tax Bill

...troubled borrowers. The bill—HR 3648—would ""extend the deductibility for mortgage insurance premiums for seven years and exclude discharges of debt on primary residences from gross income,"" the MBA said in...

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FDIC Closes NetBank

Alpharetta, Georgia-based ""NetBank"":http://www.netbank.com was closed late last week by the Office of Thrift Supervision and the Federal Deposit Insurance Corp., according to a press release posted on the bank's Web...

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