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For purposes of determining whether any interest in a REMIC qualifies under clause (xi), any regular interest in another REMIC held by such REMIC shall be treated as a loan described in a preceding clause under principles similar to the principles of clause (xi); except that, if such REMIC’s are part of a tiered structure, they shall be treated as 1 REMIC for purposes of clause (xi).

The United States is asking Israel to temper its response to the announcement because Washington expects a backlash and is weighing the potential threat to U. facilities and people, according to a State Department document seen by Reuters.Close Western allies of Washington, including France and Britain, have been critical of Trump’s move. Abbas said on Wednesday the United States had abdicated its role as a mediator in peace efforts.The EU’s foreign policy chief, Federica Mogherini, said Jerusalem must be the capital of both Israel and a future Palestinian state. “We have given instruction to all Hamas members and to all its wings to be fully ready for any new instructions or orders that may be given to confront this strategic danger that threatens Jerusalem and threatens Palestine,” Haniyeh said.Fearing disruption to reconciliation efforts between Hamas and Fatah, Palestinian Prime Minister Rami Al-Hamdallah and other Fatah delegates arrived in Gaza on Thursday to meet Hamas.Trump said his move, which fulfilled a campaign promise, was not intended to tip the scales in favour of Israel and that any deal involving the future of Jerusalem would have to be negotiated by the parties.

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