November 25, 2024 10:34 am
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MBA: Mortgage interest deduction changes will spur “negative impact” on local housing markets

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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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.