2009-45, announcing that it would not challenge the tax status of REMICs
or investment trusts that modified mortgage loans under certain conditions.
are a vehicle by which commercial mortgages are securitized.
are multi-class mortgage-related securities with enhanced structural, price transparency and liquidity features for fixed-income investors.
have been successful in expanding access to capital, the outdated rules have made it more difficult to renovate, lease and manage commercial buildings financed with REMICs
, the trade associations stated in their letter.
The growing seniors housing market may become the next property sector to spark the interest of potential investors in real estate securitization via REITs and REMICs
, predicts Coopers & Lybrand.
Probably the most important sources right now are the REITs (real estate investment trusts) and the REMICs
(real estate mortgage investment conduits).
Thus, sale treatment is disallowed for these REMICs
Previously, the Fund observed policies that prevented it from investing in IOs or inverse floaters of collateralized mortgage obligations or in residual interests of REMICS
R007 will feature Modifiable and Combinable REMICs
(MACRs), which provide for exchanges into and out of floater and inverse floater combinations.
This most recent development in Fannie Mae's issuance of REMICs
should help us better serve our affordable housing mission by attracting more capital to the U.
For example, two tax ramifications associated with REMICs
become irrelevant under a FASIT structure:
Like the rule applicable to REMICs
, the blackout period is six months before and six months after the date of sale.