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Mortgage & Housing Market News from HSH.com

Is Romney’s mortgage-deduction idea winning in Washington?

November 29th, 2012 | 1 Comment | Posted in News by Peter Miller

DC-ResizedEarlier this month, HSH.com published an article called “Real estate’s fiscal cliff: 5 items to watch out for.” The number one item on that watch list was the pending expiration of the mortgage interest deduction. The deduction was a highly debated before and during the election, yet still remains unresolved.

Since the topic is still under intense debate, we wanted to examine how former-governor Mitt Romney’s idea for solving the deduction debate would impact American homeowners.

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Mitt Romney Offers Opinions for Detroit

November 20th, 2008 | Leave a Comment | Posted in News by Tim Manni

Mitt Romney is making a lot of sense. The former Republican presidential candidate has said what a lot of us have been preaching for quite some time. His article in the New York Times mirrors what seems to be a growing opinion regarding the possible government bailout of the auto industry. Romney believes bankruptcy is the best solution for Detroit. The son of an American Motors executive — one who turned the once-failing company around — offers this:

First, their huge disadvantage in costs relative to foreign brands must be eliminated. That means new labor agreements to align pay and benefits to match those of workers at competitors… Furthermore, retiree benefits must be reduced so that the total burden per auto for domestic makers is not higher than that of foreign producers.

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About the HSH Blog

HSH.com's daily blog focuses on the latest developments in the mortgage and housing markets. Our mission is to relate how changes in mortgage rates and housing policy, as well as the latest financial news, impacts consumers, homebuyers and industry insiders alike. Our 30-plus years of experience in the mortgage industry gives us an edge as we break down the latest changes in an ever-changing market.

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Tim Manni

Tim Manni is the Managing Editor of HSH.com and the author of their daily blog, which concentrates on the latest developments in the mortgage and housing markets.

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