This ain’t no April Fools economic news: not only has Hooters declared bankruptcy, but apparently there is yet another push to have credit unions pay income taxes. “Right now, leaders in Congress are discussing how to fund an extension of the Tax Cuts and Jobs Act (TCJA). Some lawmakers are considering a new tax on all credit unions as part of the solution. Credit unions have been tax-exempt since the 1934 Federal Credit Union Act, and will tell you that, “This exemption allows us to return value directly to you through better rates, lower fees, and member-focused service, not to shareholders through increasing stock prices or dividends. A tax on credit unions would put these benefits at risk.” Meanwhile, in IMB Land, in the span of just three weeks Rocket Cos. has thrown around more than $11 billion to buy a world where Americans buy, sell, and finance their homes through… Rocket. Today’s Advisory Angle webcast by the STRATMOR Group focuses on the what every lender should be thinking about given Rocket’s recent corporate moves and how deals are structured. It’s at 2PM ET, 11AM PT. (Today’s podcast can be found here and this week’s is sponsored by Calque. Calque provides a binding backup offer on your borrower’s departing residence to clear the existing mortgage balance and closing costs in 48 business hours or less. Today’s features an interview with Cotality’s (formerly CoreLogic’s) George Gallagher on the latest takeaways from the LA fires as it pertains to housing and insurance, as well as his company’s recent rebrand.)