MBA Seeks Support For REMIC Bills, Changes would Benefit CMBS Industry
May 21, 2004
The mortgage banking industry is calling for lawmakers to swiftly enact legislation in the Senate and in the House that would update tax rules for commercial mortgage-backed securities. Senators Gordon Smith, R-OR, and Kent Conrad, D-ND, introduced a bill, the “Real Estate Mortgage Investment Conduit Modernization Act of 2004,” last week. The bill is a companion to a House bill, H.R. 4113, which Representatives