Annual Qualified Mortgage Information

Hawkins Advisory

This Hawkins Advisory is of interest to single-family housing bond issuers. The Qualified Mortgage Bond Information Report and the Qualified Veterans’ Mortgage Bond Information Report required by Code Section 149(e)(2) and described in Treas. Reg. 1.103A-2(k)(2)(ii) and the Mortgage Credit Certificate Information Report required by Code Section 25(g) and described in Treas. Reg. 1.25-4T(e)(2) are to be mailed to the Internal Revenue Service no later than August 15, 2016. These reports must contain information with respect to mortgages acquired with original proceeds of tax-exempt bonds originated or mortgage credit certificates issued during the period July 1, 2015, to June 30, 2016.

Also of Interest

  • Revised IRS Form 8038-CP
    The Internal Revenue Service released a revised version of Form 8038-CP (Return for Credit Payments to Issuers of Qualified Bonds) dated January 2020.
  • Guidance from Treasury regarding USD LIBOR Phase-Out
    The Hawkins Advisory discusses recently published Proposed Treasury Regulations that provide guidance as to the ability of parties to variable rate debt and other contracts that currently rely on LIBOR as an interest rate benchmark to alter the documents for these transactions for the purpose of incorporating interest rates reflective of other reference rates. The Advisory also reviews the status of other regulatory efforts to prepare the capital markets to transition from broad reliance upon LIBOR.
  • Michela Daliana Honored as a 2019 Northeast Women in Public Finance Trailblazer
    Michela Daliana was named a 2019 Trailblazer by the Northeast Women in Public Finance for her keen leadership and mentoring women across the industry.
  • New Current Refunding Guidelines for Bonds Issued Pursuant to Special Authorizations
    On May 22, 2019, the Internal Revenue Service released Notice 2019-39. The Notice provides guidance on the issuance of tax-exempt state and local bonds and tax-exempt Indian tribal government bonds in current refunding issues...