The automatic procedure applies to individuals, partnerships, real estate mortgage investment conduits
, and certain trusts.
The form previously used for a corporate extension (Form 7004, Application for Automatic Extension of Time to File Corporation Income Tax Return) will now also be used by partnerships, real estate mortgage investment conduits
, certain trusts and taxpayers requesting additional time to file various excise, income, information and other returns.
Members voiced industry concerns about banks in real estate, small business health plans, terrorism insurance, real estate mortgage investment conduits
(REMICs) and tax reform during 215 separate meetings with U.S.
Probably the most important sources right now are the REITs (real estate investment trusts) and the REMICs (real estate mortgage investment conduits
For example, last September, the Federal National Mortgage Association (Fannie Mae) unveiled "Access." This program added six black firms to its 48-member debenture selling group and created a 10-point plan for the firms to underwrite discount notes, long-term debentures and notes, mortgage-backed securities and real estate mortgage investment conduits
HB 272, Laws 2005, imposes corporate tax on limited liability entities (including limited liability companies, limited liability partnerships, real estate investment trusts, regulated investment companies, real estate mortgage investment conduits
and financial asset securitization investment trusts) by including such entities in the definition of "corporation"
The members lobbied Congress on the issues of banks in real estate, bankruptcy reform, depreciation, tort reform, terrorism insurance and real estate mortgage investment conduits
Credit unions also had $17.8 billion in derivatives, including collateralized mortgage obligations, real estate mortgage investment conduits
, stripped mortgage securities and residual obligation instruments.
In particular, the innovations of collateralized mortgage obligations (CMOs) and real estate mortgage investment conduits
(REMICs) have resulted in securities that provide different claims and priorities on the principal and interest payments made on underlying loans, thus accommodating the various needs and preferences of investors.
Statement by Richard Spillenkothen, Director, Division of Banking Supervision and Regulation, Board of Governors of the Federal Reserve System, and Donald H. Wilson, Financial Markets Officer, Federal Reserve Bank of Chicago, before the Subcommittee on Policy, Research, and Insurance of the Committee on Banking, Finance and Urban Affairs, U.S. House of Representatives, May 6, 1992
1.6081-3T does not change the rules for filing extensions for corporate income tax returns; rather, it expands the scope of formerly titled Form 7004, Application for Automatic Extension of Time to File Corporation Income Tax Return, from just corporate taxpayers, to partnerships, real estate mortgage investment conduits
, certain trusts that previously filed Form 8736 (now made obsolete) and taxpayers that previously requested additional time to file certain excise, income, information and other returns by submitting Form 2758 (now made obsolete).
The year began with an exceptionally rosy outlook for health-care lending, but this changed dramatically in mid-August, as health-care REIT stock prices plummeted with the stock market correction and real estate mortgage investment conduits
(REMICs), pension funds, insurance companies and other capital sources were negatively impacted by a widening spread between AAA bonds and two-year Treasuries.
These structures, originally issued in the form of collateral mortgage obligations CMOS) and now issued as real estate mortgage investment conduits
(REMICs), aggregate and then redirect the principal and interest cash flows coming from the underlying assets and assign payment priorities to different classes of investors.