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Tag Archives: Government

The Building Blocks of Title

Editor's note: This story was originally featured in the March issue of MReport, out now. In the search for records surrounding a property, anyone who has visited one of ...

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Mortgage Industry Saved Headaches as Government Avoids Shutdown

With just hours to spare, Congress overwhelmingly approved a short-term spending bill which would prevent the weekend shutdown, avoiding potential clogs in the mortgage industry. A government shutdown would have slowed the mortgage process and even prevented some buyers from closing, as access to tax information and social security would have been halted during the shutdown. The housing market is stronger now than it was in 2013, and application volume is greater, meaning that that more buyers could have been affected.

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Tax Cuts to Affect Banks

Treasury Secretary Steven Mnuchin released the president's tax reform plan which could have a significant impact on the mortgage industry and the financial industry as a whole. Calling the tax cuts in President Trump’s reform “The biggest tax cut and largest tax reform in history of this country,” the reform would reduce corporate taxes down to 15 percent, cut the top tax bracket down to 35 percent, and double the standard deduction.

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What Would a Government Shutdown do to Mortgages?

With the federal funding running out on Friday and a potential government shutdown looming, expect to see an impact on the mortgage industry. Access to tax documents and other government paperwork may prove difficult in the event of a shutdown. Furloughs at the IRS and Social Security can cause roadblocks in the application process.

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Carson Confirmed as HUD Secretary

Today, Dr. Ben Carson, a retired neurosurgeon whose candidacy to win the Republican nomination for the presidency in 2015 made him a household name, was confirmed by the U.S. Senate as the 17th Secretary of HUD.

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