The financial industry is largely optimistic about the Senate tax reform plan, which, known as the “Tax Cuts and Jobs Act,” includes many provisions supported by mortgage lenders.
Trade associations representing banks and credit unions noted how various provisions of the legislation will impact the financial industry, particularly those pertaining to corporate tax rates, mortgage servicing rights and exemptions.
Learn more about key provisions included in the final draft of the Senate bill that is headed to a joint House-Senate committee to undergo final revisions.