Thrifts are fighting a tax proposal that they fear could cause a shift in home loan business to mortgage bankers from S&Ls.

A House Ways and Means sub-committee heard testimony Sept. 8 on a revenue proposal affecting when and how single-family mortgage points are taken into income.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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