Pickle Real Estate

Reading Between the Head-Lines

New CMBS Tax Rules Miss Underwater Factor, BofA Says

  2009-09-22   Housingwire.com

The market for commercial mortgage-backed securities (CMBS) experienced a rally last week following the issuance of new guidelines regarding acceptable loan modifications within real estate mortgage investment conduits (REMICs).

The total reach of the new rules may not go so deep, however, as to help some underwater borrowers, according to one research firm.

Full Article Here

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September 23, 2009 - Posted by | Banking, Foreclosure, Investments, Lending

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