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Recent News and Articles on the Keywords: mortgage + share + house  Related to the article below (Last Update: 8/4/2008)


Boston Globe
Fannie Mae, Freddie Mac to Report Losses Through End of Year
Bloomberg -
5 (Bloomberg) -- Fannie Mae and Freddie Mac, the biggest US mortgage-finance companies, may report net losses through the first quarter of 2009 as home-loan ...
Truce Time in the Fan-Fred Wars Wall Street Journal
Leveraging Fannie and Freddie American Spectator
The Last Government Rescue Money and Markets
MarketWatch - American Enterprise Institute
all 407 news articles »  FNM - FRE
`Leveraged Bailout' Won't End Mortgage Madness: John F. Wasik
Bloomberg -
If distressed borrowers qualify, borrowers will have to share their equity gains -- if any -- with the government. Only owner-occupied homes without ...
More couples taking home-buying leap
Atlanta Journal Constitution,  USA -
"Chris and I have life insurance and disability insurance, so that no matter what happens to one of us, the other can stay in the house. The mortgage ...
First-time buyer schemes grow to open the home ownership door
guardian.co.uk, UK - Aug 2, 2008
She has purchased a 50 per cent share in the studio and will be taking out a mortgage on ?97500. 'I wasn't particularly looking to buy a property because I ...
Credit crunch one year on
Independent, UK -
All those in the club share part of the blame for creating the bubble and looking the other way in terms of allowing for the most part home mortgages to be ...

MSN UK News
HBOS predicts a 20% fall in house prices by end of 2009
Scotsman, United Kingdom - Jul 31, 2008
Its share of new mortgage lending fell from 22 per cent for the final six months of last year to 7 per cent after it pledged to put margins before volumes. ...
House prices falling at record annual rate as lender predicts dire ... Daily Mail
Nationwide report, average house price down in the UK by ?17000 100 Mortgages
all 166 news articles »
High prices cut into current accounts
guardian.co.uk, UK -
HSBC's campaign to woo borrowers through its Rate Matcher mortgage led to a $11bn (?5.5bn) rise in mortgage balances in the first half. Its share of new ...

CNNMoney.com
The rise and fall of Jimmy Cayne
CNNMoney.com -
He did not know how to deal with the devaluation of the firm's mortgage-backed securities and other illiquid assets. Nor did he know what to do after the ...
Mortgage problems 'will last until 2010'
Scotsman, United Kingdom - Aug 2, 2008
HBOS, for example, is now only lending as much as it raises from savers, pushing its natural 20% share of the market down to 7% of new lending. ...
House Prices Record Quarterly Fall for First Time in Three Years
The Epoch Times, NY -
"Clearly house prices have slowed markedly over the past six months, but that is hardly a surprise in the wake of sharp rises in mortgage interest rates," ...
Source: Google News

An Empirical Test of a Two-Factor Mortgage Valuation Model: How Much Do House Prices Matter? -
C Downing, R Stanton, N Wallace - Real Estate Economics, 2005 - Blackwell Synergy
... who refinanced their mort- gagesin2001andearly2002usedtheopportunitytoextractequity.
Insummary, if house price movements affect mortgage prepayment in these and ...

[BOOK] Shared Ownership: A Stepping Stone to Home Ownership: Report on a Survey of Local Authority Shared …
P Allen - 1982 - Stationery Office Books
-

Houses as Collateral: Has the Link between House Prices and Consumption in the UK Changed? -
K AOKI, J PROUDMAN, GW VLIEGHE - Economic Policy Review, 2002 - papers.ssrn.com
... Bayoumi (1993) estimates that the share of liquidity ... able to extract home equity
when house pricesrise. ... net housing equity (after subtracting mortgage debt) and ...

Relationship between Hong Kong house prices and mortgage flows under deposit-rate ceiling and linked … -
RYC Tse - Journal of Property Finance, 1996 - emeraldinsight.com
... as a whole amounted to a substantial share of nearly ... concern as to whether an increase
in mortgage lending will ... market and exert upward pressure on house prices ...

Why House Prices Matter
K AOKI, J PROUDMAN, GW VLIEGHE - papers.ssrn.com
... of debt also changed, with the share of unsecured ... In the mortgage market households
have been able to extract equity more easily when house prices rise. ...

Choosing This Life: Narratives of Choice amongst House Sharers -
E Kenyon, S Heath - Housing Studies, 2001 - informaworld.com
... they would probably continue to share for company-related reasons: I suppose I could
have gone and bought a house if I really wanted to get a mortgage but I don ...

[PDF] Do Homeowners Know Their House Values and Mortgage Terms? -
B Bucks, K Pence - Finance and Economics Discussion Paper Series, Board of …, 2006 - federalreserve.gov
... the share of SCF respondents who report not knowing these variables. We find that
most homeowners appear to report their house values and broad mortgage terms ...

Household Leverage and the Deductibility of Home Mortgage Interest: Evidence from UK House … -
PH HENDERSHOTT, GBJ PRYCE, M WHITE - NBER Working Paper, 2002 - papers.ssrn.com
... in the debt tax penalty. During 1995-98, mortgage interest on loans below the ?30,000
ceiling was ... Page 15. 14 house price regions, the share of loans to ...

Local economic risk factors and the primary and secondary mortgage markets -
BW Ambrose, A Pennington-Cross - Regional Science and Urban Economics, 2000 - Elsevier
... portion of the market that is eligible for FHA mortgage insurance the larger FHA
market share should be ... MSA?s FHA loan limit to its media house price (LLHP ...

Homeownership, committed expenditure risk, and the stockholding puzzle -
MC Fratantoni - Oxford Economic Papers, 2001 - Oxford Univ Press
... Constraining owners to stay in the same house for thirty ... able to re?nance to lower
mortgage costs (by ... result in a somewhat higher predicted risky asset share. ...

Source: Google Scholar
 
 

Share a house but not the mortgage interest

Dear Tax Talk,
My boyfriend and I bought a house together. He's been making the entire mortgage payments. Do we both have to deduct the mortgage interest on our individual tax returns, 50-50? Or should he deduct the entire mortgage interest amount on his tax return?
-- Chang

Article continues below and (thank you)
 

Dear Chang,
When it comes to joint ownership of property, each owner usually claims his or her share of expenditures paid during the year. For unmarried taxpayers who share financial interests, this could be an advantage when structured properly. All single taxpayers are entitled to a standard deduction of approximately $5,000. If the taxpayer's itemized deductions, such as mortgage interest and real estate taxes, exceed the standard deduction, he or she can claim this higher amount.

For example, let's assume the mortgage interest and taxes for the year are $10,000. Assuming your boyfriend paid these in full during the year, he would have $10,000 in deductions on his tax return and you would claim the standard deduction (assuming you don't have sufficient itemized deductions on your own). So, combined, you would have $15,000 in deductions to write off against your incomes.

If, instead, you each paid half of the taxes and interest, you each would have $5,000 in deductions for a combined total of $10,000 in deductions to write off against your incomes. You don't have to be rocket scientist to know that the former arrangement is better than the latter.

To maximize this advantage, the partner with the higher income should be the one to pay the mortgage interest and taxes and claim them as a deduction in full. I also recommend that the partner pays the expenses out of a separate bank account to avoid challenges from the Internal Revenue Service.
 
 
 
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