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ProCouncil™ Advisory
A Limited Liability Division
Litigation, Risk & Default Servicing Mitigation Products, Solutions and Services
News Articles
April 10, 2009
Mortgage Modification Safe-Harbors?
HAMP, Are We There Yet?
The Silent Modification Killers:
Sanctity of Contract, The 100% Tax, The Lawsuit!
New Insured Tradable Principal Reduction Modifications
New Treasury/IRS Notice 2009-36 and Rev. Proc. 2009-23 (Step 3)
By Richard Ivar Rydstrom, Esq., LL.M.
Chairman, Coalition for Mortgage Industry Solutions,
Pro Council Advisory
rich@procouncil.com
TaxAnalysts Tax Notes Article Quoting Rydstrom, Chairman CMIS ;
April 13, 2009: Richard Rydstrom Fighting for Best Practices for the Servicer to Help the Borrower -
Quoted in Tax Analysts Tax Notes (Tax.Org), the preeminent national tax policy and news publication.
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"It's a good step in the right direction," said Richard Rydstrom, chair of the Coalition
for Mortgage Industry Solutions. He said, however, that the guidance does not resolve
a potential discrepancy from prior guidance in which the phrases "reasonably
foreseeable default" and "imminent default" seem to be used interchangeably. The
industry needs to be reassured that the safe harbor will apply to the reasonably
foreseeable standard, which is broader, Rydstrom said. "
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Thank You, Richard Ivar Rydstrom, Esq.
rrydstrom@gmail.com
April 10, 2009 Notice 2009-36 - REMICs - HAMP
April 10, 2009 Rev. Proc. 2009-23 REMICs_TRUSTS_HAMP
Tax, Conduits & REMICS
Revenue Procedure 2008-28
September 19-20, 2008
It’s Sunday Again: It Must Be Business-As-Usual™
Don’t Blame Hank: Give Him The Tools To Get It Done!™
[New FAS 5 Solution: Quarantined Built In Equity - Shared Appreciation Modifications™
There is No Reason for Massive Write-Downs or Principal Forgiveness Losses When we can Quarantine It, and Infuse Borrower Affordability at the Same Time!] Click for Article re Secretary Paulson’s Proposed Legislation
September 7, 2008! Another Sunday Shocker, or Business as Usual? ™
By Richard Ivar Rydstrom, J.D., LL.M.,
Chairman, Coalition for Mortgage Industry Solutions, CEO ProCouncil™ Advisory
Click for Article
Mortgage Executive Practice Articles: Related Bankruptcy & Insurance Issues:
“Zone of Insolvency” Meets the “Zone of Coverage” in the Mortgage Meltdown” –
Liability Lessons from the Official Take-Under of Bear Stearns!
Part I – Issues Overview - All Sides! By Richard Ivar Rydstrom, Esq.
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