When the the brand new servicer safe harbor legislation or some style of it is passed into laws, it is unsure how beneficial it will be to require using servicers to find to eliminate restrictions to the loan modifications within the contracts
Just like the incentive payments to help you servicers and you can home loan people according to the Amendment System are not considered from the REMIC regulations, it would be great for brand new Treasury Institution to help you describe one to for example incentive payments won’t result in unfavorable tax consequences beneath the REMIC statutes. Read More
