Lender Product News; Trends in Closing and eClosing Processes

Posted To: Pipeline Press

“Marriage is a legal and religious alliance entered into by a man who can’t sleep with the window shut and a woman who can’t sleep with the window open.” So said Ogden Nash. Being married matters in taxes. The current GOP tax reform plan adjusts the respective limits for itemized deductions and the standard deduction. Specifically, it proposes that all combined itemized deductions should be capped at $200,000 for married couples filing jointly and $100,000 for single taxpayers. At the same time, it calls for a doubling of the standard deduction a filer could take ($30,000 for married couples filing jointly and $15,000 for single filers) instead of claiming itemized deductions. Lender product and company news In product news, Congressional Bank selected Alight for “what…(read more)

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Source: Mortgage News Daily

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