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Home » Store » News » Senate Bill Allows Servicers to Do More Aggressive Loan Modifications Without Loss of REMIC Status

Senate Bill Allows Servicers to Do More Aggressive Loan Modifications Without Loss of REMIC Status

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The Senate Committee on Banking, Housing and Urban Affairs is considering legislation that would help unlock mortgage securitization trusts to more aggressive foreclosure prevention efforts. The Real Estate Mortgage Investment Conduit Improvement Act of 2009, S. 376, would modify current REMIC qualification rules to ensure that modifications or dispositions done under the Troubled...
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