If you are a High Leverage investor or homebuyer, take a look at this article.  The biggest news is that PMI (Private mortgage insurance, or “MI”) is now tax deductible for mortgages originated between 2007-2010.  The qualifier is that the household’s AGI must be below $100,000, if its above $109,000 a partial diction is still available.  This will keep the >80% LTV loans alive and kicking with borrower paid MI. 

http://realtytimes.com/rtpages/20080109_taxdeduct.htm

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