Qualified Mortgage Revenue Bond Program

SIFMA provides comments to the U.S. Secretary of the Treasury on the Treasury Department’s recent announcement to allow State and local governments to use the qualified Mortgage Revenue Bond (MRB) program to assist troubled homeowners.  SIFMA commends the Treasury Department on its leadership on the MRB issue; and urges Congress to consider exempting refinancing MRBs from the Alternative Minimum Tax (AMT) to ensure that there is a market demand for these securities.