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Home Loans News at Mortgages Magazine

Mortgage News for Thursday - June 19, 2003
Mortgage News 2003 Archive > Mortgage News for June 19, 2003 Archive

More Mortgage News
• Brown: Vacation homes sensitive to economic slumps
• Jurors say Lehman assisted in scheme
Mortgage News
Brown: Vacation homes sensitive to economic slumps - 2003-06-19
Once to Margarita to windsurf, another time to Puerto Rico, and then to to Aruba. A few times to the Finger Lakes to boat, fish and tour wine country. Two trips to the Outer Banks. ... My family and I had a various great vacations over the past few years.

Generally, the biggest expenses -- mortgage interest payments and real estate taxes -- are deductible on your federal income tax whether you rent the property or not.
Read the full story at Billings Gazette
 
Jurors say Lehman assisted in scheme - 2003-06-19
Federal jurors found that investment bank Lehman Bros. Holdings Inc. assisted and abetted mortgage company First Alliance Corp. in a fraud scheme, awarding $51 million in damages to about 4,500 borrowers.

The U.S. District Court jury on Monday assessed 85 percent of the damage award to Irvine-based First Alliance and its executives, and 10 percent to Lehman Bros.
Read the full story at Billings Gazette
 

Home Loans News at Mortgages Magazine

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