For reprint rights or to purchase a copy of your Daily Journal photo, email Jeremy_Ellis@dailyjournal.com for prices or call 213-229-5424.

To buy more copies, call 866-531-1492 or email subscribe@dailyjournal.com
This is the property of the Daily Journal Corporation and fully protected by copyright. It is made available only to Daily Journal subscribers for personal or collaborative purposes and may not be distributed, reproduced, modified, stored or transferred without written permission. Please click "Reprint" to order presentation-ready copies to distribute to clients or use in commercial marketing materials or for permission to post on a website. and copyright (showing year of publication) at the bottom.
Subscribe to the Daily Journal for access to Daily Appellate Reports, Verdicts, Judicial Profiles and more...

Real Estate/Development

Sep. 26, 2009

Mortgage Modifications Made Easier

David L. Kimport of Nossaman LLP says the Internal Revenue Service's issued guidance will ease modification of securitized mortgages.

REAL ESTATE

By David L. Kimport

The Internal Revenue Service has issued highly anticipated guidance that should significantly increase mortgage lenders' and servicers' flexibility to modify certain securitized commercial mortgage loans. The guidance (Revenue Procedure 2009-45), issued on Sept. 15, 2009, applies to securitized loans held by Real Estate Mortgage Investment Conduits or investment trusts. The guidance clarifies and simplifies the condi...

To continue reading, please subscribe.
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!

Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)

Already a subscriber?

Enewsletter Sign-up



By using our website, you agree to our use of cookies in accordance with our cookie policy. You can learn more about how we use cookies by reviewing our Privacy Policy here.