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April 11, 2014

Despite Passage in Committee, Mortgage Debt ‘Forgiveness’ Act Has Slim Chance

By Charles Wisniowski

The EXPIRE Act also includes a provision to extend the mortgage insurance premium tax deduction. In a letter supporting the tax extensions to the committee, the Mortgage Bankers Association estimated that for a $200,000 home, homeowners would be able to deduct between $600 and $1,000 from their taxes.

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