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…