The Mortgage Bankers Association said it will take another stab at getting legislation in 2007 to modernize outdated REMIC rules for structuring commercial MBS, after leaving a congressional tax panel with sufficient cause to reconsider the measure next year. Kurt Pfotenhauer, MBA senior vice president for government affairs and public policy, said his group presented skeptical members of the Joint Committee on Taxation last week with a “lot of evidence” showing that pending REMIC modernization legislation will not cost...