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TREAS/IRS | RIN: 1545-BP38 | Publication ID: Fall 2023 |
Title: Modifications of Certain Mortgage Loans Held by a REMIC | |
Abstract:
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. |
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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 |
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Timetable:
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Additional Information: REG-114062-19 (NPRM) Drafter attorney: Danielle M. Heavey (202) 317-5931 Reviewer attorney: Michael Chin (202) 317-6842 Treasury attorney: Michael Novey (202) 622-1339 CC:FIP | |
Regulatory Flexibility Analysis Required: Undetermined | Government Levels Affected: None |
Federalism: No | |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: Danielle M. Heavey Attorney Department of the Treasury Internal Revenue Service 1111 Constitution Avenue NW, Room 3547, Washington, DC 20224 Phone:202 317-5931 Fax:855 574-9023 Email: danielle.m.heavey@irscounsel.treas.gov |