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By JD Supra Business Advisor | JD Supra's magazine for real estate professionals, with timely, need-to-know insights & advisories by industry insiders. Stay smart.

New Markets Tax Credits for Real Estate Development

The new markets tax credit (‘‘NMTC’’) was added to the Internal Revenue Code as §45D2 by the Community Renewal Tax Relief Act of 2000.3 Initially the …

Real Estate

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LinkedIn

1031 Exchanges with a Twist

Now that the recession appears to be fading into memory, Section 1031 Exchanges are on the rise. Section 1031 of the Federal Tax Code allows property …

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Real Estate Tip: The Case of the Shrinking Easement

Unlike most states, Massachusetts land transactions may be “registered” in a procedure conducted at the “Land Court.” The Land Court’s own …

Fannie Mae Updates Numerous Selling Policies

On May 27, Fannie Mae announced in Selling Guide Announcement SEL-2014-06 numerous selling policy updates. The announcement includes changes to …

Fannie Mae

Supreme Court to Rule on Controversial Right of Rescission Timeline for Mortgages

The Supreme Court agreed this month to resolve a stark divide in the United State Courts of Appeals regarding the time bar for residential mortgage …

Mortgages

Mortgage Lead Generator To Pay $250,000 in FTC Settlement on Deceptively Advertised Mortgage Rate Charges

GoLoansOnline.com, Inc., a Houston, Texas-based mortgage lead generator, will pay the Federal Trade Commission $250,000 under a settlement announced …

Mortgages

Are eClosings for Residential Loans the Future?

Noting that the residential mortgage origination process is often "fraught with anxiety" for consumers, CFPB Director Richard Cordray announced an …

Loans

Billboard Tax Imposed on New York City’s Commercial Renters

Companies with ads on New York’s billboards may find that tax collectors are their first customers.

New York City imposes a little-known commercial …

New York City

Reports: President Obama nominates new secretary of HUD

On Friday, President Obama nominated Julián Castro, who currently serves as Mayor of San Antonio, Texas, to be the next Secretary of Housing and …

Democrats

Fannie Mae Updates Delinquency Management, Default Prevention Policies

On May 16, Fannie Mae announced through Servicing Guide Announcement SVC-2014-07, that for a borrower who submits a complete Borrower Response …

Fannie Mae

License? We Don’t Need No Stinking License!

I know.

You’ve heard it from me, or your construction attorney, ad naseum.

When in doubt get a license.

We’ve paraded out the list of terribles:

If you …

U.S. Supreme Court