Mortgage industry fares well in fiscal cliff deal, debt forgiveness law survives

In a last minute – okay, more like a “well after the last minute” deal struck by the US Congress, a key provision protecting borrowers losing their homes was extended for one more year. The Mortgage Forgiveness Debt Relief Act of 2007, which technically expired on December 31, 2012 was extended to December 31, 2013 as a part of the.

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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 short-sale or some other type of debt reduction.

After a great deal of hemming and hawing, President Obama is relenting on the idea of including in his reform bill a national law that would pre-empt these. seniors will put the country on the road.

Sheldon Adelson’s mark on the 2012 presidential election just got a little bigger. The Republican Jewish Coalition (RJC) has launched a campaign to attempt to peel away Jewish voters in swing states.

Mortgage industry fares well in fiscal cliff deal, debt forgiveness law survives Thursday, January 10th, 2013 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.

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Mortgage industry fares well in fiscal cliff deal, debt forgiveness law survives | HousingWire If your needing to sell your home but owe more tha it is worth, at least you won’t also be hit with additional taxes.

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