CMLA & CHLA Urge a Fix For Mortgage Servicing Rights Tax Issue

Glen Corso Advocacy, Legislation

Washington, DC, November 29, 2017– The Community Mortgage Lenders of America (CMLA) and the Community Home Lenders Association (CHLA) sent a joint letter to Senate leadership today urging an amendment to address the issue created for small lenders by a provision in the tax reform bill (Section 13221) that would significantly multiply a lender’s tax liability for mortgage servicing rights, in excess of income actually received. (Read more…)

Glen CorsoCMLA & CHLA Urge a Fix For Mortgage Servicing Rights Tax Issue