By Erika Morphy
WASHINGTON, DC—Last week the Internal Revenue Service issued rules that provide safe harbor for loan modifications by mortgage-backed securities servicers.
The Real Estate Roundtable has explained what the new rules mean for the commercial real estate industry in an alert.
For starters, the new safe harbors extend to real estate mortgage investment conduits and investment trusts affected by loan forbearances and workouts due to the Covid-19 pandemic. Read more.