Mortgage origination volumes are expected to stay flat year-over-year in 2018 at $1.65 trillion, as modestly rising purchase-mortgage volume is partially offset by declining refinances. The one bright spot is the mortgage insurance sector, according to analysts’ outlook in 2018. Sluggish mortgage activity suggests modest revenue growth in the sector with one exception – mortgage insurance, according to a Keefe, Bruyette & Woods analysis. KBW expects its “outperform” ratings for ...
A coalition of industry groups has urged the Senate Committee on Finance to retain the current capital gain exclusion on the sale of a principal residence, warning that such a provision in the Republican tax reform plan would adversely affect young families and those relocating to new jobs. Specifically, the proposal in the House and Senate versions of the tax bill would retain the $500,000 capital gain exclusion ($250,000 for unmarried taxpayers) but lengthen ownership and use requirements ...