Mortgage law's expiration threatens housing recovery

12/6/2012 | CNBC · ·

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 under way in Congress to renew it.

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CNBC · ·

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