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The Republican tax overhaul will slash deductions for fewer homeowners than the version proposed nearly two months ago, but those affected are three times more likely to be living in counties that voted against Donald Trump.

On average, the impact on credit unions will be small, affecting less than 1% of loans and 6% of value. The new cap would have applied to the 4,293 mortgages originated last year between $750,000 and $1 million, and 2,480 loans over $1 million, according to Home Mortgage Disclosure Act (HMDA) data.

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Jim DuPlessis

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