Mortgage law's expiration threatens housing recovery

12/6/2012 | CNBC · eCreditDaily.com · TheStreet.com

A major factor in the U.S. housing recovery is a law passed five years ago that suspends the tax liability on lenders' debt forgiveness when underwater homeowners want to sell their property. That law is set to expire at year-end and no action is underway in Congress to renew it.

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CNBC · eCreditDaily.com · TheStreet.com

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