As the focus intensifies on residential foreclosures -- past, pending and impending -- the White House has decided to add its two cents to the discussion.
Today the Administration released a fact sheet outlining what is sees as remedies to help homeowners who are in over their heads.
Among the options cited is a change in tax law so that canceled residential mortgage debt is not taxable. The White House document specifically mentions two bills -- H.R. 1876 and S. 1394 -- that I blogged about last week.