Reuters Money

Scrap the mortgage deduction? Americans weigh in

August 10, 2011

Paul Hennings and his wife Sheila Krueger pose poolside in the backyard of their newly purchased home in Phoenix, Arizona December 11, 2010.  REUTERS/Joshua LottWhat if the United States got rid of or changed the home mortgage interest deduction in the next round of tax reform?

Trading up in a down housing market

August 4, 2011

There’s no getting around it: In much of the country, this is a terrible time to unload your home.

Answers to the 7 big “what-ifs” of debt default

July 29, 2011

The debt negotiations are getting down to the wire. Republican and Democratic lawmakers are scrambling to broker a deal to raise the country’s $14.3 trillion debt ceiling before Tuesday, when the Treasury will no longer be able to borrow funds to meet all of its obligations. That’s why major credit rating agencies are considering a downgrade of U.S. debt.

It’s time for banks to pay back their debt to the rest of us

July 29, 2011

The devilish deficit dance going on in Congress right now has been a convenient distraction for big U.S. banks. They’ve not only escaped new taxes for now, but they also are relishing their taxpayer bailout by earning robust profits.

Our homes, our tax deductions?

July 13, 2011

Even if you realize how indebted to our homes we’ve become, the numbers in a new report from the Joint Committee on Taxation are mindboggling: Mortgage debt at the end of 2010 reached nearly $10.1 trillion, and accounted for 88.4 percent of total household income.

5 reasons why banks hate Elizabeth Warren

June 2, 2011

Elizabeth Warren, it’s not you they hate. It’s what you represent. You want to be an honest cop when so many before you in Washington have looked the other way and pretended that the banking industry could police itself.

Is real estate for suckers?

May 20, 2011

Are you a dope for buying a home in the U.S. right now?

If you need and want one, there’s no harm in that. Yet if you think it’s an investment that will actually appreciate, you’re taking a sucker’s bet.

Need a loan? 4 tips to improve your debt health

April 20, 2011

USA-HOUSING/SPRINGYou’re young, ready to start a family and make the most significant investment of your life — the purchase of your first home. You’ve saved for a sizable down payment, but have you assessed your debt health?

Warren calls for accountability in consumer agency

April 8, 2011

 Elizabeth Warren speaks at the Reuters Future Face of Finance Summit in Washington March 1, 2011.  REUTERS/Kevin Lamarque Elizabeth Warren, a Harvard law professor and the engineer behind the new Consumer Financial Protection Bureau (CFPB), laid out her blueprint for making the new consumer agency accountable to consumers during a speech on Friday.

Homeowners, don’t be fooled by this foreclosure scam

March 25, 2011

Marc Charney, president of CharneyRealEstate.com, hangs a sign reading 'Foreclosure For Sale' on a house in the Boston suburb of Dedham, Massachusetts March 15, 2007. REUTERS/Brian SnyderLooming foreclosure can be one of the scariest times for any family down on its luck. So, it stands to reason that crooks would design scams to target that vulnerability and try to squeeze whatever money these people who can’t pay their bills can scrape up.