Another Ruse: Realtors Gleeful over Equator Short Sale Platform

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REMIC VIOLATION: IRS PONDERS $TRILLIONS IN UNREPORTED MBS PROFITS

MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT EDITOR’S COMMENT: There is little question in my mind that if the IRS persists in this inquiry they will discover $trillions in reported profits on which no tax was paid — intentionally by the persons and companies involved. Just as importantly, the IRS [...]

REMIC EVASION of TAXES AND FRAUD

I like this post from a reader in Colorado. Besides knowing what he is talking about, he raises some good issues. For example the original issue discount. Normally it is the fee for the underwriter. But this is a cover for a fee on steroids. They took money from the investor and then “bought” (without [...]

Tax Impact of Principal Reduction

With the Obama administration and private lenders actively considering mortgage-principal-reduction programs to help financially distressed homeowners, the Internal Revenue Service has issued an advisory to taxpayers who receive — or seek to receive — such assistance if it’s offered. Editor’s Note: The only thing I would add to this, for the moment, is that any [...]