In his testimony, Grooms urged Congress to make mortgage cancellation relief a permanent provision since the exclusion has already expired, leaving the future of troubled borrowers in serious doubt. (lawyer-monthly.com)
NAR is issuing a Call for Action to its members that emphasizes the need for any tax legislation to do no harm to the economy by retaining the deductions for mortgage interest and property taxes, the capital gains exclusion on proceeds from the sale of a principal residence, and extension of mortgage cancellation relief. (realtormag.realtor.org)
Featured Segments: NAR hopes to get mortgage cancellation relief extended in the last weeks of the congressional session NAR scores a win as FHA agrees to stop allowing lenders to charge interest — a kind of prepayment penalty — when borrowers pay off their FHA backed loan before the end of the month It's easier than you think to run afoul of copyright laws... (nvbr.com)