Oregon Mortgages

Interesting Info for 2007

for all of those people who didn’t like the idea of having 1 loan at 100% and having to pay that annoying Mortgage Insurance, things just got a little bit better. While you still might have to pay the Mortgage Insurance for loans over 80% you will at least be able to deduct that money from your taxable income beginning as of January of 2007.

Other news that came across as interesting Fannie Mae has decided to sue their former auditing company (KPMG) for the accounting issues and irregularities they surfaced around 2004 which amounted to billions of dollars over the timeframe of 2001 to the first 2 quarters of 2004….Sounds like problems are brewing for KPMG.