Obscure Mortgage Servicing Provision Doesn’t Make the Senate’s Tax Reform Bill

As we blogged last week, an obscure provision on mortgage servicing rights that would have had significant tax implications and an impact on mortgage servicing valuations was not part of the Senate’s version of the tax reform bill.  That reform bill, which passed by a vote of 51-49, included an amendment sponsored by Mike Rounds R-SD to exempt mortgage servicers from the upfront tax implications.

  • Managing Principal
  • CliftonLarsonAllen
  • Minneapolis, MN
  • 612-376-4532

Neil is a principal in our banking practice. He has more than 25 years of experience in the banking industry, which includes nine years in the private sector. His private industry experiences range from cashier to chief financial officer; however, his strengths are in both the operations and lending areas of community banks. Neil has led some of the firm’s largest bank external and internal audit and FDICIA engagements. Neil also assists clients with other projects such as merger and acquisition transactions and capital planning.

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