[Expert commentary] The Community Home Lenders Association is very supportive of the goals of the pending House and Senate tax bills of providing tax relief for individuals and corporations and simplifying and reforming the tax code. And if this means reforming existing homeownership tax provisions in order to help finance these tax cuts, that is fine with us.
[Expert commentary] Riddled throughout California’s Homeowner Bill of Rights are the words "repealed" effective "Jan. 1, 2018." Unfortunately, many loan servicers assume that means the entire HOBR will be repealed and that all they have to worry about going forward is complying with the Consumer Financial Protection Bureau Loss Mitigation Rules. Unfortunately, that is not the case. Check out this in-depth list of changes to look out for.
Speculation continues to rise over which city Amazon will choose as its second headquarters. Meanwhile, outgoing CFPB Director Richard Cordray’s likely entry into the Ohio gubernatorial race isn’t the only drama surrounding the state’s upcoming election. All that, and more, in your Monday Morning Cup of Coffee.
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