The tax code has long offered rewards for buying rather than renting, an equation that has troubled some economists — and that the Republican bill upends.
The president appeared to be pushing back against a report about his administration reviewing whether the bank should pay hefty fines for abusive mortgage lending practices.
Some economists say the Republican bills, by curbing or eliminating key deductions, could hurt property values, raise mortgage rates and reduce sales.
The Republican plan to rein in the interest deduction is a blow to builders and owners of more expensive homes, along with the real estate industry.
By MICHAEL CORKERY and STACY COWLEY May 17, 2017 It took nearly a decade, but debt has made a comeback. Americans have now borrowed more money than they did at the height of the credit bubble in 2008, just as the global financial system began to...