Some Wins for Mortgage Industry in Bill Supported by Manchin

Inside Mortgage Finance, Aug. 1, 2022–Brandon Ivey
According to the Mortgage Bankers Association, the bill includes language to preserve the deferred tax treatment of mortgage servicing rights. The House included a similar provision in its version of the BBBA following a push from the MBA. The standards are part of a new effort to establish a minimum tax rate for large corporations.