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TREAS/IRS RIN: 1545-BP38 Publication ID: Spring 2022 
Title: Modifications of Certain Mortgage Loans Held by a REMIC 

The proposed regulations will provide guidance on the tax consequences of certain alterations of qualifying mortgages that are held by certain real estate mortgage investment conduits (REMICs). Certain existing foreclosure prevention programs establish guidelines to facilitate alterations of troubled mortgage loans. Taxpayers have requested guidance on whether alterations pursuant to such a foreclosure prevention program of a mortgage loan held by such a REMIC would cause the mortgage loan to cease to be a qualified mortgage.

Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 26 CFR 1.860G-2   
Legal Authority: 26 U.S.C. 860G(e)    26 U.S.C. 7805   
Legal Deadline:  None
Action Date FR Cite
NPRM  12/00/2022 
Additional Information: REG-114062-19 (NPRM) Drafter attorney: Caitlin Holzem (202) 317-7036 Reviewer attorney: Michael Chin (202) 317-5846 Treasury attorney: Michael Novey (202) 622-1339 CC:FIP
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Caitlin Holzem
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW., Room 3547,
Washington, DC 20224
Phone:202 317-7036
Fax:855 574-9023