Let’s face it: the mortgage interest deduction is in play. Candidate Romney has already said he will look at reducing the tax write-off though the general consensus is that if he does it will be in place for mortgages of less than $500,000. To date, Obama has said little about the MID, though it’s possible that he will counter Romney by arguing for a higher threshold because of expensive markets like New York, San Francisco, Boston, etc. But will vice president Joe Biden and his opponent mention it during the debates Thursday? Stay tuned.
OCT 10, 2012
- Nationwide Title Clearing (NTC) Comments on Newly Enacted Mortgage Rules, Expects Market-Driven Effect on Company Practices
- Interthinx: Jumbo Loans Present Much Higher Fraud Risk in Recent Quarter
- Rushmore Loan Management Services Announces Approval as a Freddie Mac Seller/Servicer Company Also Receives Positive Rating from S&P
- DocMagic and Veri-Tax Deploy Automated IRS Tax Transcript Retrieval Tool for Lenders
- AmeriSave Mortgage President Retires, New President Announced