Quick Takes: Mortgage delinquencies decline in 4Q11

Fewer homeowners behind on mortgages
While U.S. foreclosures remain high, the Mortgage Bankers Association reported this week that mortgage delinquencies fell in the fourth quarter of 2011 to the lowest levels in three years, the Wall Street Journal reported.

HUD official calls on Fannie, Freddie to reduce troubled loan balances
In an interview with the Wall Street Journal, Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, said the Obama administration would like to see Fannie Mae and Freddie Mac reduce loan balances for some troubled homeowners.

Dirty dozen tax scams for 2012
The Internal Revenue Service (IRS)  has released its dirty dozen tax scams to avoid this year. What makes the list? Identity theft, “free money” from the IRS & tax scams involving social security and false/inflated income and expenses and more.

 

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About Stephanie Sievers

Stephanie Sievers is Senior Editor for the Illinois Association of REALTORS®. She serves as Senior Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.

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