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Legislation Would Modify REMIC Definition.(Real Estate Mortgage Investment Conduit )(Brief Article)
The Commercial Mortgage Securities Association, the Mortgage Bankers Association and other real estate-related trade groups are eyeing proposed legislation that, if enacted, would modify the definition of a real estate mortgage investment conduit.
The three real estate trade associations are working to come up with proposals which they will then pool to decide if they're going to propose any changes, Dottie Cunningham, CEO of the CMSA, told NMN.
The legislation is currently pending in Congress ...
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