SFIG Sends Letter to Senate and House Conferees

On Monday, December 11th, SFIG sent a letter to the Senate and House tax reform conferees to express our priorities and concerns specific to structured finance and securitization. SFIG believes that, as a result of the proposed changes to critical interest deductions, such as a proposed repeal of the student loan deduction and reduction of mortgage interest, state and local tax, and real estate property tax deductions, may result in consumers seeing a decrease in disposable income and potentially decline in home values. As a result, we are concerned that loan performance may suffer across the financial system, including credit card, auto, mortgage, and student lending, resulting ultimately in reduced availability of credit to consumers.

In addition, we highlighted two more technical provisions that could have an adverse effect on the securitization market: treatment of lease securitizations and like-kind exchanges.

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