Morning Minute: Extension of Mortgage Debt Forgiveness Act passes House, now heads to Senate

The Chicago Tribune reports today that the U.S. House voted Wednesday to extend the Mortgage Debt Forgiveness Act for one year. Now the measure, which is strongly supported by REALTORS® and provides an income tax break to homeowners for mortgage debt forgiven in a short sale, heads to the U.S. Senate for consideration. Read more from the Chicago Tribune and learn more about the issue with a National Association of REALTORS® Q&A on the topic.

In other headlines:

10-Year Review: How’s Housing Really Doing? – National Association of REALTORS®

Realtor.com forecast: Millennials will break out in 2015 – HousingWire

 

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