Omega Announces First Quarter 2010 Financial Results – Yahoo Finance
The Company used the net proceeds from the sale of the Notes, after discounts and expenses, to (i) repay outstanding borrowings of approximately $59 million of mortgage debt assumed in connection with the December 2009 CapitalSource asset acquisition

Commercial Mortgage Debt Rallies as TALF Ending: Credit – BusinessWeek
March 15 (Bloomberg) — Commercial mortgage-backed bond returns are accelerating as the Federal Reserve ends support for the $700 billion market, showing growing confidence that loan defaults won’t derail the economic recovery. The securities

IRS tells homeowners how to get tax relief if a lender – Los Angeles Times
The IRS gets involved in mortgage principal write-downs because the federal tax code generally treats any forgiveness of debt by a creditor in excess of $600 as ordinary taxable income to the recipient. However, under legislation that took effect in

Many Californians Faced with High Taxes on Mortgage – HULIQ.com
Home foreclosures and the resulting banking mess it can lead to has money homeowners facing what is known as mortgage debt forgiveness. While it may sound like a good thing, many homeowners do not realize that mortgages debts, which are forgiven or

Kenneth R. Harney: – Contra Costa Times
The IRS gets involved in mortgage principal write-downs because the federal tax code generally treats any forgiveness of debt by a creditor in excess of $600 as ordinary taxable income to the recipient. However, under legislation that took effect in

Distressed homeowners’ canceled debt still subject to – San Jose Mercury News
struggling Californians who received mortgage modifications or lost their homes in short sales or foreclosures last year face the prospect of huge state tax bills. That’s because legislation that would prevent their canceled debt from being

Great Wolf to offer $225M of mortgage notes – Boston Globe
MADISON, Wis.— Indoor waterpark resort company Great Wolf Resorts Inc. said Friday it plans to offer $225 million of first mortgage notes due 2017. The company plans to use the proceeds to repay mortgage debt totaling $212 million. It will use the

Tax breaks to help offset tough times – The Sun News
Not all canceled debt will trigger taxable income. There are exceptions for such things as insolvency or bankruptcy — and for foreclosure. The Mortgage Forgiveness Debt Relief Act of 2007 allows taxpayers to generally exclude income from the

Commercial/multifamily mortgage debt down 1.7% – Philadelphia Inquirer
The level of commercial/multifamily mortgage debt outstanding decreased by 1.7 percent in the fourth quarter, to $3.4 trillion, the Mortgage Bankers Association reported today. On a year-over-year basis, the amount of mortgage debt outstanding was

Homeowners take ‘cash for keys’ to escape debt – MSNBC
NEW YORK – Jon Daurio, chief executive officer of mortgage investor Kondaur Capital Corp., recently offered a $4,000 check to Barry Culver for the deed to his Bryan, Ohio, house. With the exchange, and a pay-off to a second-lien holder, Culver was

Commercial Mortgage Debt Rallies as TALF Ending: Credit – BusinessWeek
March 15 (Bloomberg) — Commercial mortgage-backed bond returns are accelerating as the Federal Reserve ends support for the $700 billion market, showing growing confidence that loan defaults won’t derail the economic recovery. The securities

IRS tells homeowners how to get tax relief if a lender – Los Angeles Times
The IRS gets involved in mortgage principal write-downs because the federal tax code generally treats any forgiveness of debt by a creditor in excess of $600 as ordinary taxable income to the recipient. However, under legislation that took effect in

Many Californians Faced with High Taxes on Mortgage – HULIQ.com
Home foreclosures and the resulting banking mess it can lead to has money homeowners facing what is known as mortgage debt forgiveness. While it may sound like a good thing, many homeowners do not realize that mortgages debts, which are forgiven or

Kenneth R. Harney: – Contra Costa Times
The IRS gets involved in mortgage principal write-downs because the federal tax code generally treats any forgiveness of debt by a creditor in excess of $600 as ordinary taxable income to the recipient. However, under legislation that took effect in

Distressed homeowners’ canceled debt still subject to – San Jose Mercury News
struggling Californians who received mortgage modifications or lost their homes in short sales or foreclosures last year face the prospect of huge state tax bills. That’s because legislation that would prevent their canceled debt from being

Great Wolf to offer $225M of mortgage notes – Boston Globe
MADISON, Wis.— Indoor waterpark resort company Great Wolf Resorts Inc. said Friday it plans to offer $225 million of first mortgage notes due 2017. The company plans to use the proceeds to repay mortgage debt totaling $212 million. It will use the

Tax breaks to help offset tough times – The Sun News
Not all canceled debt will trigger taxable income. There are exceptions for such things as insolvency or bankruptcy — and for foreclosure. The Mortgage Forgiveness Debt Relief Act of 2007 allows taxpayers to generally exclude income from the

Commercial/multifamily mortgage debt down 1.7% – Philadelphia Inquirer
The level of commercial/multifamily mortgage debt outstanding decreased by 1.7 percent in the fourth quarter, to $3.4 trillion, the Mortgage Bankers Association reported today. On a year-over-year basis, the amount of mortgage debt outstanding was

Lodgian Receives Audit Report with Going Concern – Forbes
As disclosed in the Form 10-K, the audit report raised substantial doubt about the company’s ability to continue as a going concern because approximately $55.7 million of the company’s mortgage debt is scheduled to mature in 2010. This mortgage debt

Kenneth R. Harney: – Contra Costa Times
The IRS gets involved in mortgage principal write-downs because the federal tax code generally treats any forgiveness of debt by a creditor in excess of $600 as ordinary taxable income to the recipient. However, under legislation that took effect in

Commercial Mortgage Debt Rallies as TALF Ending: Credit – BusinessWeek
March 15 (Bloomberg) — Commercial mortgage-backed bond returns are accelerating as the Federal Reserve ends support for the $700 billion market, showing growing confidence that loan defaults won’t derail the economic recovery. The securities

Lodgian Receives Audit Report with Going Concern – Forbes
As disclosed in the Form 10-K, the audit report raised substantial doubt about the company’s ability to continue as a going concern because approximately $55.7 million of the company’s mortgage debt is scheduled to mature in 2010. This mortgage debt

Kenneth R. Harney: – Contra Costa Times
The IRS gets involved in mortgage principal write-downs because the federal tax code generally treats any forgiveness of debt by a creditor in excess of $600 as ordinary taxable income to the recipient. However, under legislation that took effect in

Commercial Mortgage Debt Rallies as TALF Ending: Credit – BusinessWeek
March 15 (Bloomberg) — Commercial mortgage-backed bond returns are accelerating as the Federal Reserve ends support for the $700 billion market, showing growing confidence that loan defaults won’t derail the economic recovery. The securities

Great Wolf Resorts Intends To Offer First Mortgage – RTT News
(RTTNews) – Friday, Great Wolf Resorts Inc. (WOLF: News ) said it it intends to offer first mortgage notes in the amount of $225 million due 2017. The company plans to use the net proceeds from the offering to repay the outstanding mortgage debt on

Greenspan on The Crisis – Safe Haven
Total Mortgage Debt (TMD) averaged $265bn during the decade of the nineties. Implementing its post-tech Bubble reflation, the Fed continued to aggressively slash interest rates late into 2002. This was despite a rapid acceleration in mortgage debt

Commercial Mortgage Debt Rallies as TALF Ending: Credit – BusinessWeek
March 15 (Bloomberg) — Commercial mortgage-backed bond returns are accelerating as the Federal Reserve ends support for the $700 billion market, showing growing confidence that loan defaults won’t derail the economic recovery. The securities

Great Wolf Resorts Intends To Offer First Mortgage – RTT News
(RTTNews) – Friday, Great Wolf Resorts Inc. (WOLF: News ) said it it intends to offer first mortgage notes in the amount of $225 million due 2017. The company plans to use the net proceeds from the offering to repay the outstanding mortgage debt on

Great Wolf to offer new mortgage notes – madison
Madison-based Great Wolf Resorts announced Friday it intends to offer $225 million in first mortgage notes due in 2017. The waterpark resort company said it plans to use the money to repay $212 million in outstanding mortgage debt on its properties

Commercial/multifamily mortgage debt down 1.7% – Philadelphia Inquirer
The level of commercial/multifamily mortgage debt outstanding decreased by 1.7 percent in the fourth quarter, to $3.4 trillion, the Mortgage Bankers Association reported today. On a year-over-year basis, the amount of mortgage debt outstanding was

Great Wolf to offer new mortgage notes – madison
Madison-based Great Wolf Resorts announced Friday it intends to offer $225 million in first mortgage notes due in 2017. The waterpark resort company said it plans to use the money to repay $212 million in outstanding mortgage debt on its properties

Fannie Mae Boosts Estimate for March Buyouts of – Bloomberg
March 19 (Bloomberg) — Fannie Mae , the mortgage-finance company under government control Virginia-based competitor Freddie Mac announced Feb. 10 that they would step up acquiring delinquent debt out of the securities they guarantee.

Distressed homeowners’ canceled debt still subject to – San Jose Mercury News
struggling Californians who received mortgage modifications or lost their homes in short sales or foreclosures last year face the prospect of huge state tax bills. That’s because legislation that would prevent their canceled debt from being

Commercial/multifamily mortgage debt down 1.7% – Philadelphia Inquirer
The level of commercial/multifamily mortgage debt outstanding decreased by 1.7 percent in the fourth quarter, to $3.4 trillion, the Mortgage Bankers Association reported today. On a year-over-year basis, the amount of mortgage debt outstanding was

IRS tells homeowners how to get tax relief if a lender – Los Angeles Times
The IRS gets involved in mortgage principal write-downs because the federal tax code generally treats any forgiveness of debt by a creditor in excess of $600 as ordinary taxable income to the recipient. However, under legislation that took effect in

Homeowners take ‘cash for keys’ to escape debt – MSNBC
NEW YORK – Jon Daurio, chief executive officer of mortgage investor Kondaur Capital Corp., recently offered a $4,000 check to Barry Culver for the deed to his Bryan, Ohio, house. With the exchange, and a pay-off to a second-lien holder, Culver was

Many Californians Faced with High Taxes on Mortgage – HULIQ.com
Home foreclosures and the resulting banking mess it can lead to has money homeowners facing what is known as mortgage debt forgiveness. While it may sound like a good thing, many homeowners do not realize that mortgages debts, which are forgiven or

Care Investment Trust Inc. Schedules Investor Call to – PR-USA.net
Care Investment Trust Inc. (”Care” or the “Company”), a real estate investment and finance company investing in healthcare-related real estate and commercial mortgage debt, today announced that it has scheduled a conference call on Wednesday, March

Harney: On write-downs, some tax issues – San Jose Mercury News
The IRS gets involved in mortgage principal write-downs because the federal tax code generally treats any forgiveness of debt by a creditor in excess of $600 as ordinary taxable income to the recipient. However, under legislation that took effect in

Fannie Mae Boosts Estimate for March Buyouts of – Bloomberg
March 19 (Bloomberg) — Fannie Mae , the mortgage-finance company under government control Virginia-based competitor Freddie Mac announced Feb. 10 that they would step up acquiring delinquent debt out of the securities they guarantee.

Distressed homeowners’ canceled debt still subject to – San Jose Mercury News
struggling Californians who received mortgage modifications or lost their homes in short sales or foreclosures last year face the prospect of huge state tax bills. That’s because legislation that would prevent their canceled debt from being

Commercial/multifamily mortgage debt down 1.7% – Philadelphia Inquirer
The level of commercial/multifamily mortgage debt outstanding decreased by 1.7 percent in the fourth quarter, to $3.4 trillion, the Mortgage Bankers Association reported today. On a year-over-year basis, the amount of mortgage debt outstanding was

IRS tells homeowners how to get tax relief if a lender – Los Angeles Times
The IRS gets involved in mortgage principal write-downs because the federal tax code generally treats any forgiveness of debt by a creditor in excess of $600 as ordinary taxable income to the recipient. However, under legislation that took effect in

Homeowners take ‘cash for keys’ to escape debt – MSNBC
NEW YORK – Jon Daurio, chief executive officer of mortgage investor Kondaur Capital Corp., recently offered a $4,000 check to Barry Culver for the deed to his Bryan, Ohio, house. With the exchange, and a pay-off to a second-lien holder, Culver was

Many Californians Faced with High Taxes on Mortgage – HULIQ.com
Home foreclosures and the resulting banking mess it can lead to has money homeowners facing what is known as mortgage debt forgiveness. While it may sound like a good thing, many homeowners do not realize that mortgages debts, which are forgiven or

Care Investment Trust Inc. Schedules Investor Call to – PR-USA.net
Care Investment Trust Inc. (”Care” or the “Company”), a real estate investment and finance company investing in healthcare-related real estate and commercial mortgage debt, today announced that it has scheduled a conference call on Wednesday, March

Fed’s Bernanke sees US backing Fannie, Freddie debt – Housing Wire
Current Fannie Mae and Freddie Mac mortgage-backed securities are likely to retain US government backing should Congress create a new system for financing US homes, Federal Reserve Board chairman Ben Bernanke said on Wednesday. The comments follow

Commercial/multifamily mortgage debt down 1.7% – Philadelphia Inquirer
The level of commercial/multifamily mortgage debt outstanding decreased by 1.7 percent in the fourth quarter, to $3.4 trillion, the Mortgage Bankers Association reported today. On a year-over-year basis, the amount of mortgage debt outstanding was

Debt collectors come after homeowners years after – McClatchy
Scott CoBen, a Sacramento bankruptcy attorney. “The only relief a consumer will have is entering into a debt negotiating plan or filing for bankruptcy,” said Sylvia Alayon, a vice president with the New York-based Consumer Mortgage Audit Center

Distressed homeowners’ canceled debt still subject to – San Jose Mercury News
struggling Californians who received mortgage modifications or lost their homes in short sales or foreclosures last year face the prospect of huge state tax bills. That’s because legislation that would prevent their canceled debt from being

IRS tells homeowners how to get tax relief if a lender – Los Angeles Times
The IRS gets involved in mortgage principal write-downs because the federal tax code generally treats any forgiveness of debt by a creditor in excess of $600 as ordinary taxable income to the recipient. However, under legislation that took effect in

Housing debt may mean bigger tax bill – Appeal-Democrat
SACRAMENTO — What should have been a legislative afterthought fraud, and that prompted Schwarzenegger’s veto threat. The governor has asked the Legislature to pass a separate bill dealing solely with the mortgage issue so he can sign it before

PAY MORTGAGE NOW TO CLEAR DEBT – Daily Star
BANKS are encouraging homeowners on cheap variable-rate mortgages to consider clearing their debts more quickly by using spare cash to boost monthly repayments. From this week, borrowers with Lloyds Banking Group – which includes Halifax, Cheltenham

Commercial Mortgage Debt Rallies as TALF Ending: Credit – BusinessWeek
March 15 (Bloomberg) — Commercial mortgage-backed bond returns are accelerating as the Federal Reserve ends support for the $700 billion market, showing growing confidence that loan defaults won’t derail the economic recovery. The securities

Fed’s Bernanke sees US backing Fannie, Freddie debt – Housing Wire
Current Fannie Mae and Freddie Mac mortgage-backed securities are likely to retain US government backing should Congress create a new system for financing US homes, Federal Reserve Board chairman Ben Bernanke said on Wednesday. The comments follow

Commercial/multifamily mortgage debt down 1.7% – Philadelphia Inquirer
The level of commercial/multifamily mortgage debt outstanding decreased by 1.7 percent in the fourth quarter, to $3.4 trillion, the Mortgage Bankers Association reported today. On a year-over-year basis, the amount of mortgage debt outstanding was

Debt collectors come after homeowners years after – McClatchy
Scott CoBen, a Sacramento bankruptcy attorney. “The only relief a consumer will have is entering into a debt negotiating plan or filing for bankruptcy,” said Sylvia Alayon, a vice president with the New York-based Consumer Mortgage Audit Center

Distressed homeowners’ canceled debt still subject to – San Jose Mercury News
struggling Californians who received mortgage modifications or lost their homes in short sales or foreclosures last year face the prospect of huge state tax bills. That’s because legislation that would prevent their canceled debt from being

IRS tells homeowners how to get tax relief if a lender – Los Angeles Times
The IRS gets involved in mortgage principal write-downs because the federal tax code generally treats any forgiveness of debt by a creditor in excess of $600 as ordinary taxable income to the recipient. However, under legislation that took effect in

Housing debt may mean bigger tax bill – Appeal-Democrat
SACRAMENTO — What should have been a legislative afterthought fraud, and that prompted Schwarzenegger’s veto threat. The governor has asked the Legislature to pass a separate bill dealing solely with the mortgage issue so he can sign it before

PAY MORTGAGE NOW TO CLEAR DEBT – Daily Star
BANKS are encouraging homeowners on cheap variable-rate mortgages to consider clearing their debts more quickly by using spare cash to boost monthly repayments. From this week, borrowers with Lloyds Banking Group – which includes Halifax, Cheltenham

Paying your taxes on forgiven debt – Herald Tribune
However, under legislation that took effect in 2007, certain home-mortgage debt cancellations — such as through loan modifications, short sales or foreclosures mortgage-principal reductions to keep underwater borrowers out of foreclosure.

Mortgage Forgiveness and Debt Cancellation – Associated Content
The economy has hit taxpayers pretty hard over the last few years and many have had to negotiate with lenders to reduce their debts. In many cases, these lenders have allowed taxpayers to settle their debt for much less than what was owed. However

Distressed homeowners’ canceled debt still subject to – San Jose Mercury News
struggling Californians who received mortgage modifications or lost their homes in short sales or foreclosures last year face the prospect of huge state tax bills. That’s because legislation that would prevent their canceled debt from being

Commercial/multifamily mortgage debt down 1.7% – Philadelphia Inquirer
The level of commercial/multifamily mortgage debt outstanding decreased by 1.7 percent in the fourth quarter, to $3.4 trillion, the Mortgage Bankers Association reported today. On a year-over-year basis, the amount of mortgage debt outstanding was

Mortgage Forgiveness and Debt Cancellation – Associated Content
The economy has hit taxpayers pretty hard over the last few years and many have had to negotiate with lenders to reduce their debts. In many cases, these lenders have allowed taxpayers to settle their debt for much less than what was owed. However

Distressed homeowners’ canceled debt still subject to – San Jose Mercury News
struggling Californians who received mortgage modifications or lost their homes in short sales or foreclosures last year face the prospect of huge state tax bills. That’s because legislation that would prevent their canceled debt from being

Mortgage debts may linger, even after foreclosure – Marketplace.publicradio.org
The foreclosure wiped out the debt on the big first mortgage. But he’s still on the hook for what he owed on the second mortgage, plus interest and fees, for a grand total of nearly $37,000. And Dan likely faces a lawsuit for that amount.

Commercial Mortgage Debt Rallies as TALF Ending: Credit – BusinessWeek
March 15 (Bloomberg) — Commercial mortgage-backed bond returns are accelerating as the Federal Reserve ends support for the $700 billion market, showing growing confidence that loan defaults won’t derail the economic recovery. The securities

Housing debt may mean bigger tax bill – Appeal-Democrat
struggling Californians who received mortgage modifications or lost their homes in short sales or foreclosures last year face the prospect of huge state tax bills. That’s because legislation that would prevent their canceled debt from being

Driving Up Interest Rates Will Deepen Housing Slump – Seekingalpha.com
Nobel prize winning economist Joseph Stiglitz has warned that the Federal Reserve’s decision to end its $1.4 trillion mortgage debt purchase program this month is going to worsen the slump in the US housing market by driving up interest rates

Housing debt may mean bigger tax bill – Appeal-Democrat
That’s because legislation that would prevent their canceled debt from fraud, and that prompted Schwarzenegger’s veto threat. The governor has asked the Legislature to pass a separate bill dealing solely with the mortgage issue so he can sign it

PAY MORTGAGE NOW TO CLEAR DEBT – Daily Star
BANKS are encouraging homeowners on cheap variable-rate mortgages to consider clearing their debts more quickly by using spare cash to boost monthly repayments. From this week, borrowers with Lloyds Banking Group – which includes Halifax, Cheltenham

Mortgage debts may linger, even after foreclosure – Marketplace.publicradio.org
The foreclosure wiped out the debt on the big first mortgage. But he’s still on the hook for what he owed on the second mortgage, plus interest and fees, for a grand total of nearly $37,000. And Dan likely faces a lawsuit for that amount.

Commercial Mortgage Debt Rallies as TALF Ending: Credit – BusinessWeek
March 15 (Bloomberg) — Commercial mortgage-backed bond returns are accelerating as the Federal Reserve ends support for the $700 billion market, showing growing confidence that loan defaults won’t derail the economic recovery. The securities

Housing debt may mean bigger tax bill – Appeal-Democrat
struggling Californians who received mortgage modifications or lost their homes in short sales or foreclosures last year face the prospect of huge state tax bills. That’s because legislation that would prevent their canceled debt from being

Driving Up Interest Rates Will Deepen Housing Slump – Seekingalpha.com
Nobel prize winning economist Joseph Stiglitz has warned that the Federal Reserve’s decision to end its $1.4 trillion mortgage debt purchase program this month is going to worsen the slump in the US housing market by driving up interest rates

Housing debt may mean bigger tax bill – Appeal-Democrat
That’s because legislation that would prevent their canceled debt from fraud, and that prompted Schwarzenegger’s veto threat. The governor has asked the Legislature to pass a separate bill dealing solely with the mortgage issue so he can sign it