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November 28, 2017In the News

Canfield quoted in "Proposed tax change could hurt mortgage servicers, groups warn"

National Mortgage News

Michael Best Strategies Partner Anne Canfield was quoted in National Mortgage News' article, "Proposed tax change could hurt mortgage servicers, groups warn" on November 28, 2017.

"Servicers may need to pay taxes on their income upfront under the proposed Senate tax bill, according to the Mortgage Bankers Association and the Consumer Mortgage Coalition.

A provision in the bill related to the tax deferral of certain income may have been intended to apply more to an issue in the credit card market, but as written, it applies more broadly to servicers as well, according to Anne Canfield, executive director of the Consumer Mortgage Coalition."

To read the entire National Mortgage News article, click here.

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