Game-Changing New Treasury Regulations Relax Mortgage Loan Modification Rules

September 16, 2009
The Internal Revenue Service recently released final regulations that expand the list of modifications that can be made to mortgage loans held in a REMIC securitization vehicle without jeopardizing the REMIC’s tax status. This update examines the new regulations and additional guidance for modifying commercial mortgage loans when a servicer reasonably believes there is a significant risk of default that is not imminent