Would a mortgage broker be considered an SSTB? I know that brokerage services with respect to securities are considered an SSTB, however, real estate brokers and insurance brokers are not included. I would think mortgage brokers would not be included as well, but I am not sure.
No. The final regs are limiting the brokerage SSTB to those brokers dealing in securities, so mortgage brokers are not considered SSTBs to the extent of their loan origination businesses. However, if they are offering any other type of financial services, they may be treated as a financial services SSTB.
Consider attending our 199A webinar on February 15. It has all the updated info.