October 16, 2024

Letter Urging Congressional Support of the Middle Class Mortgage Insurance Premium Act

ICBA and a coalition of stakeholders in the housing finance system sent a letter to House Ways and Means Committee leaders encouraging them to support existing homeowners and prospective homebuyers by reinstating, making permanent, and expanding eligibility for the mortgage insurance premium tax deduction. ICBA and the other groups urged the committee leaders to include the bipartisan, bicameral Middle Class Mortgage Insurance Premium Act (HR 4212, S 1938) in any end-of-year tax package or 2025 tax-reform legislation.