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Most Economists Say GSEs Should be Consolidated and Change is Needed in Mortgage Interest Deduction

By Implode-Explode Heavy Industries

``Most panelists surveyed believe that he GSEs should be gradually wound down, with 63 percent envisioning a two- to three- year downsizing process, and another 17 percent feeling the GSEs should be reduced over a six- to 10-year span... Respondents to the NABE survey also found that less than 50 percent were in favor of retaining the full deductions for mortgage interest, state and local taxes, and charitable contributions, but in no case did a majority or even a plurality favor outright elimination. For each of these deductions, the median answer was to limit, but not eliminate, the deduction. ''

Full post as published by Mortgage Lender Implode-o-Meter on March 09, 2011 (boomark / email).