WASHINGTON, D.C. – November 11, 2010 – (RealEstateRama) — Michael D. Berman, CMB, Chairman of the Mortgage Bankers Association, today issued the following statement reacting to options contained within a draft proposal from the co-chairs of the National Commission on Fiscal Responsibility and Reform.”Given the fragile state of the nation’s housing market, now is not the time to be scaling back incentives for homeownership. The mortgage interest deduction is one of the pillars of our national housing policy, and limiting its use will have negative repercussions for consumers and home values up and down the housing chain.
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