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MBA: Mortgage interest deduction changes will spur “negative impact” on local housing markets

Posted by   /  November 8, 2017  /  No Comments

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Here’s the good and the bad for the mortgage industry

By Brena Swanson | HousingWire

As the future of tax reform remains a hot-button issue, the Mortgage Bankers Association continues to stress the importance of the mortgage interest tax deduction to Congress.

The trade group, which represents the real estate finance industry, sent a letter to Kevin Brady, R-Texas, chairman of the House Committee on Ways and Means, and Richard Neal, D-Mass., ranking member of the House Committee on Ways and Means, in order to share the industry’s perspective on the most recently released text of H.R. 1, The Tax Cuts and Jobs Act.


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