Congress Should Extend Tax Relief for Distressed Mortgage Holders

Congress Should Extend Tax Relief for Distressed Mortgage Holders

WASHINGTON, D.C. – November 29, 2012 – (RealEstateRama) — The Center for Responsible Lending and the Financial Services Roundtable today asked Congress to extend the Mortgage Forgiveness Debt Relief Act, which is set to expire at year’s end. “This tax law has bi-partisan support and is critical to helping homeowners and communities struggling with the ongoing foreclosure crisis,” the two organizations said in joint letters to House and Senate leaders. “Furthermore, the housing market is beginning to show signs of a recovery, and expiration of this law would threaten the recovery.”

Read the full letters >>

For more information: Kathleen Day at (202) 349-1871 or ; or Ginna Green at (510) 379-5513 or .

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About the Center for Responsible Lending
The Center for Responsible Lending is a nonprofit, nonpartisan research and policy organization dedicated to protecting homeownership and family wealth by working to eliminate abusive financial practices. CRL is affiliated with Self-Help, one of the nation’s largest community development financial institutions.

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