Mortgage interest deduction

7 reasons why consumers are tapping into their home equity

06/27/18

From medical expenses to home improvements, here's a look at some of the most frequently cited reasons homeowners are borrowing against their home equity.

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What suspension of HELOC tax deduction means for banks

12/26/17

Any decline in home equity balances could be offset by higher demand for other types of consumer loans. The worry is that only borrowers with blemished credit will take out home equity loans, increasing banks’ risk.

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Final tax reform bill passes House, now moves to Senate

12/19/17

The House vote moved a sharp reduction in the corporate tax rate for banks and other businesses to within a few steps of becoming law.

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Three looming worries for bankers in final tax reform plan

12/18/17

With tax reform close to the finish line, bankers are still clear winners from the compromise worked out between House and Senate negotiators. But the bill includes some caveats that might give institutions pause.

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Senators ready mortgage servicing fix as tax reform nears finish line

12/01/17

A provision in the original Senate tax reform bill would have required companies acquiring mortgage servicing rights to pay taxes upfront for their anticipated servicing income.

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Mortgage deduction helps housing lobby, but not homeowners

11/10/17

The battle lines are drawn between those seeking to protect the mortgage interest deduction and a legislative effort to greatly reduce its use. Hopefully, this is a battle that taxpayers will win.

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Equifax takes a hit; Senate tax bill keeps mortgage deduction

11/10/17

Company’s first earnings report since the data breach also discloses lots of suits and investigations; Senate bill also calls for one-year delay in corporate tax rate cut to 20%.

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Senate tax bill breaks with House over mortgage interest deduction

11/09/17

The Senate tax proposal released Thursday would cap the mortgage interest deduction for properties worth $1 million, a reversal from the House plan that would have limited the deduction to $500,000.

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12 markets hit hardest by slashing the mortgage interest deduction

11/09/17

Here's a look at the 12 housing markets with the largest percentages of mortgages over $500,000 — the new threshold House Republicans have proposed for the mortgage interest deduction in their tax plan.

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GOP tax plan may not be so bad for housing after all, analysts claim

11/03/17

A House Republican tax proposal that infuriated housing groups and sent homebuilder stocks sliding would only have a modest impact on the market for new homes and could end up being a net positive for the industry, according to Keefe, Bruyette & Woods analysts.

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