Battle Lines Form Over Popular Mortgage Interest Deduction
Roll Call, Dec. 6, 2016–Ota, Alan K.
Homebuilders and lenders are preparing to defend the mortgage interest deduction as the incoming Trump administration and Congress weigh potential adjustments to one of the most popular tax sweeteners. David Stevens, president of the 2,400-member Mortgage Bankers Association, said in an interview that his group has serious concerns about any potential changes, including any attempt to lower the loan principal cap.
