The Mortgage Bankers Association joined nine other trade groups in urging lawmakers to support bipartisan tax legislation that would allow modification of collateral securing commercial mortgages held in real estate mortgage investment conduits, or REMICs. H.R. 1010, the “Real Estate Mortgage Investment Conduit Modernization Act,” was introduced on March 1 by Reps. Mark Foley, R-FL, and Earl Pomeroy, D-ND. The bill is pending in the House Ways and Means Committee.