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Ex-Countrywide chief sees luxury home rout as tax bill bites

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Now the former chief executive officer of Countrywide Financial Corp. is predicting another drop, and for some homeowners it may be even worse. High-end properties in coastal U.S. Countrywide’s Former CEO Is Predicting a Luxury Housing Rout

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The B.C. government’s new luxury tax on properties in the province that sell for more than $2-million will cast a wide net over the market for single-family detached houses in Vancouver.

FHFA promotes Galeano to oversee the Federal Home Loan banks James Lockhart, the head of Federal housing finance agency that will now oversee Freddie and Fannie. The Treasury plan also helps the 12 federal home loan banks. Some of these banks have been.New-home sales climb for a third straight month in March US new-home sales slump for 4th straight month.. the highest level since March 2011 when the real estate bust caused by subprime mortgages was still weighing on the economy.. New-home sales.

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Emanuel, former chief of staff for President Barack Obama, floated a $250 million property-tax boost last year to pay for pension obligations. He dropped the plan in the face of City Council.

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Tax overhaul is ‘devastating’ to certain homeowners, he says A decade ago, Angelo Mozilo was the face of the housing bust that preceded the financial crisis. Now the former chief executive officer of Countrywide Financial Corp. is predicting another drop, and for some homeowners it may be even worse.

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