United States: Relevant Again: Saving Loans For REMICs  - Cadwalader, Wickersham & Taft LLP

United States: Relevant Again: Saving Loans For REMICs - Cadwalader, Wickersham & Taft LLP

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Under the REMIC rules, a mortgage loan ceases to be a good REMIC asset if the borrower replaces the real property collateral with government securities (known as defeasance) less than two years...

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