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Author: Nicole Christie

IRS Issues Guidance on the Impact of Mortgage Loan Forbearances on REMICs and Investment Trusts

April 22, 2020 Financing

In response to requests to provide guidance on the impact of mortgage loan forbearance programs on the tax treatment of securitization vehicles, such as real estate mortgage investment conduits (“REMICs”) and investment trusts, the IRS issued Revenue Procedure 2020-26. The IRS establishes that forbearance programs offered as COVID-19 relief will…