TITLE

MBA COMMENDS REINTRODUCTION OF REMIC MODERNIZATION LEGISLATION

PUB. DATE
April 2005
SOURCE
Mortgage Banking;Apr2005, Vol. 65 Issue 7, p7
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that the Mortgage Bankers Association (MBA) applauded Republican candidate Mark Foley and Democrat Earl Pomeroy for the reintroduction of the Real Estate Mortgage Investment Conduit (REMIC) Modernization Act. Daniel Phelan, chairman of MBA's Commercial Real Estate/Multifamily Finance Board of Governors said that the MBA applauds the congressmen for their efforts to modernize the REMIC tax rules that govern commercial mortgage-backed securities transactions. The legislation will make changes that will both protect the investments of commercial mortgage-backed securities bondholders and allow borrowers to make improvements to their property.
ACCESSION #
16777452

 

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