HousingWire Magazine recently reported positive news for the mortgage industry after the looming fiscal cliff deal was finalized by the Senate on Jan. 1, 2013. Popular tax breaks on mortgage insurance premiums, and debt forgiveness for borrowers who go through a short-sale or debt reduction will remain in tact. The passing of the fiscal cliff deal is one that leaves room for hope in the housing market. For more information on the deal as well as other housing provisions, see article: Mortgage Industry Fares Well in Fiscal Cliff Deal Debt Forgiveness Law Survives.