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Article: The PMI Group, Inc. Applauds Congressional Action to Extend Tax Deductibility for Mortgage Insurance Premiums.
- Article from:
- PR Newswire
- Article date:
- December 18, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WALNUT CREEK, Calif., Dec. 18 /PRNewswire-FirstCall/ -- The PMI Group, Inc. applauds Congress for passage of new legislation extending a tax provision that enables low- to moderate-income homebuyers to deduct the cost of mortgage insurance premiums from their federal income tax returns until 2010.
"This legislation has the potential to help thousands of low- and moderate-income Americans secure affordable mortgages that keep them in their homes and keep their communities strong," Steve Smith, Chief Executive Officer of The PMI Group, Inc. and PMI Mortgage Insurance Co., commented today.
"The median home price in the United States today is over ...