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Schumer: Liar loans’ could cost many in Upstate their homes 
WASHINGTON More than 50,000 Upstate New York families are in danger of losing their homes because unscrupulous lenders sold them liar loans offering low mortgage payments that quickly swelled to as much as four times the original cost, Sen. Chuck Schumer said Wednesday.
Source: www.theithacajournal.com

H&R Block Says Talks on Mortgage Unit Sale Continue (Update1) 
March 30 (Bloomberg) — H&R Block Inc. said it’s still negotiating to sell the money-losing Option One subprime mortgage business, signaling it may not be able to conclude the talks this month as promised.
Source: quote.bloomberg.com

PMI Mortgage Insurance Co. Heralds Introduction of Legislation to Extend Tax Deductibility of Mortgage Insurance … 
In what Steve Smith, Chief Executive Officer of The PMI Group, Inc. and PMI Mortgage Insurance Co., called a welcome development for U.S. homebuyers, a bipartisan coalition of legislators today introduced a bill to make permanent the federal tax deduction for mortgage insurance premiums for borrowers making $109,000 or less.
Source: biz.yahoo.com

Mortgage Crisis Hits Million-Dollar Homes 
The wealthiest counties in the nation are not immune to the mortgage crisis.
Source: www.foxnews.com

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