Tag Archives: REMIC reform

Changes in REMIC rules to help CMBS loan workouts? CMSA Weighs In

By Keith Mullen on October 24th, 2009 Posted in Good Times for Lenders, Tough Times for Lenders, Workout Issues

At the September announcement of the REMIC announcements from the US Treasury the IRS, we posted copies of the materials relating to "significant modifications" to CMBS loans. Last week, Lou Strawn weighed in on his perspective on the significance of these changes. Today, the Commercial Mortgage Securities Ass’n gives us the industry’s "official" perspective in a white paper…. Continue Reading

Dealing With a Distressed CBMS Loan? New Guidance from the Feds

By Keith Mullen on September 17th, 2009 Posted in Tax Issues, Tough Times for Lenders, Workout Issues

Sick and beyond tired of the inflexibility of CMBS servicers in making needed modifications to CMBS loans that we all know are in the ditch? Help might be here: On September 15, 2009, the IRS and the Department of the Treasury issued three pieces of guidance relating to commercial mortgage loans held by a securitization… Continue Reading