Bill Would Exclude Forgiven Debt From Tax, Extend MI Deductions
October 1, 2007
The mortgage industry chalked up a win last week with the passage of legislation in the House Ways and Means Committee that would exclude forgiven mortgage debt from tax liability and extend the mortgage insurance premium deduction for seven more years. At the same time...
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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