IRS & Treasury’s Loosening of Loan Modifications Rules
By: Myles, September 23rd, 2009
As property owners holding commercial mortgage-backed securities (CMBS) funded loans have attempted to address financing concerns over the past 12 months, many have complained of the impossibility of getting special servicers on the phone.
The Problem: Constrained by tax regulations that dictated real estate mortgage investment conduits (REMICs) could not allow modifications to their mortgage pools […]
Tags: Loan Modification Rules
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