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2011 Housing Budget Proposal Omits GSE Details, Tweaks FHA Premium Structure, Reduces Mortgage Tax Deduction
The Obama administration’s 2011 budget plan released this week includes an expected bid to raise FHA insurance premiums and a somewhat surprising proposal to tinker with the mortgage-interest tax deduction – but the massive package does not include a blueprint for dealing with the Fannie Mae and Freddie Mac conservatorships that many had anticipated. As part of its proposed budget...
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