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Looking for Other Ideas Than Caps for Mortgage Deduction

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PARK CITY, UT-There were plenty of ideas of what to do with the heretofore sacrosanct deduction for mortgage interest at the 37th annual Midwinter Housing Finance Conference here late last month. But capping wasn't one of them.

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The $25 billion mortgage robo-signing settlement is:
Political extortion from the banks in an election year
A slap on the wrist — the banks put reserves away for this long ago, they won't even feel it
A source of relief for both banks and homeowners that could help the housing market and economy recover
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