Description of S. 1822 (relating to Trusts for Investments in Mortgages): Scheduled for a Hearing Before the Senate Committee on Finance on November 4, 1983
U.S. Government Printing Office, 1983 - Mortgages - 13 pages
What people are saying - Write a review
We haven't found any reviews in the usual places.
Other editions - View all
95 percent acquire qualified obligations active conduct allocated asset test beneficial interest bill carryback clude conduit for tax conduit treatment discount on debt distributed to shareholders dividends equity interest fair market value Federal Home Loan Federal National Mortgage FNMA is allowed form of indirect gages grantor trust format gross income held for less Home Loan Mortgage income tests income-producing assets indirect ownership interest income investments in mortgages issue price issued by natural least 75 percent level of taxation Loan Mortgage Corporation market discount mort mortgage-backed securities National Mortgage Association natural persons ordinary income ownership of property Partial conduit entities partner partnership present law prohibited transactions protection and conservation Qualified income investments qualified repurchase Real estate investment real property repurchase agreement residential mortgages RICs second mortgage stock or securities tax purposes taxable income thrift institution TIMs tion trade or business treated for tax unincorporated entity unit investment trusts