This article describes the essential aspects of REITs and REMICs
, explains the relevant tax provisions, and covers recent developments.
are used for the pooling of mortgage loans and issuance of mortgage-backed securities.
u=4349488) Vlad87do for releasing RemICS
UX ROM based on CyanogenMod 9 for Galaxy S.
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.
Generally, entities that do not qualify as REMICs
, but that issue multiple maturity debt obligations, the payments on which are related to payments on the mortgages and other obligations held by the entity, are classified as Taxable Mortgage Pools (TMPs).
may issue two types of securities: "regular interests" and "residual interests.
have been successful in expanding access to capital, the outdated rules have made it more difficult to renovate, lease and manage commercial buildings financed with REMICs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.
We're cautiously optimistic that REMICs
will remain a viable funding option for health-care borrowers in the months ahead," Davis said.
Probably the most important sources right now are the REITs (real estate investment trusts) and the REMICs
(real estate mortgage investment conduits).
The three banking agencies, along with the Office of Thrift Supervision (OTS), are currently updating the 1988 policy statement to address other "high-risk" classes of CMOs and REMICs
Thus, sale treatment is disallowed for these REMICs