Lenders will have to exercise caution to avoid the application to whole mortgages of a mark-to-market provision in tax bills before Congress.

Both the House and Senate versions of the Revenue Act of 1992 (H.R. 11) contain provisions that require market valuation and taxation of unrecognized gains on securities held in inventory.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.