Mortgage industry fares well in fiscal cliff deal, debt forgiveness law survives
The mortgage industry can breath a sigh of relief with the final fiscal
cliff deal bringing back a popular tax break on mortgage insurance
premiums and debt forgiveness for borrowers who go through a short-sale
or some other type of debt reduction.A topic that is still up for discussion and likely to surface later in the year is whether the popular mortgage interest tax deduction will be part of a long-term deficit reduction plan.
To view my entire newsletter, click HERE!
