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H.R.3608 Add to

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To amend the Internal Revenue Code of 1986 to allow the deduction for interest on acquisition indebtedness on principal residences to all individuals, whether or not they itemize their other deductions.

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9/20/2007--Introduced.
Amends the Internal Revenue Code to allow an individual taxpayer to deduct from gross income interest incurred to acquire, construct, improve, or refinance a principal residence, whether or not such taxpayer itemizes other income tax deductions.
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IntroducedresultVoted on by HouseresultVoted on by SenateresultConsidered By PresidentresultBill Becomes Law
September 20, 2007
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October 31, 2007 MBA: Proposed Cramdown Legislation Could Add Two Points to ...

I’d noted in some highly-read commentary published here at HW in early October that I thought the proposed bill (HR 3608) would end up being a misdirected legislative ploy that would hurt consumers. Read more about the proposed bill ...

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Source: Housing Wire


September 25, 2007 Emergency Home Ownership and Mortgage Equity Protection Act (HR 3608)

Called the Emergency Home Ownership and Mortgage Equity Protection Act (HR 3608), the bill would make it possible for a bankruptcy court to restructure a home mortgage — meaning...

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Source: Smyths toy store


September 24, 2007 Bankruptcy Bill Would Repeal Mortgage Exception

The sponsors of the bill (HR 3608) are also talking with Democratic leaders to see how they can expedite passage of the Emergency HOME Act, one staffer said. depreciation, Foreclosure Market, Mortgage Backed Securities, mortgage bubble, ...

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Source: Consumer Mortgage Reports


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