In January 2018, we hosted a webinar to review key provisions of the Tax Cuts and Jobs Act and discuss the 2017 Tax Reform impact on mortgage bankers. Topics during the webinar included: new individual and corporate income tax rates, new deduction for pass-through income, changes to standard and itemized deductions, enhanced expensing and depreciation provisions, limitation on deduction for business interest, changes to rules governing meals and entertainment expenses.
Lender placed insurance, also known as force-placed insurance, comes into play when a...
