MBA Statement in Connection with Joint Economic Committee ’s Hearing on the State of the Commercial Real Estate Credit Markets
July 9, 2009 - (RealEstateRama) — Today MBA submitted the attached statement for the record in connection with the Joint Economic Committee’s hearing regarding the state of the $3.5 trillion commercial real estate credit markets. The statement offers specific recommendations for promoting greater liquidity in the commercial and multifamily finance markets and mitigating the impending refinance risk.
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The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry, an industry that employs more than 280,000 people in virtually every community in the country. Headquartered in Washington, D.C., the association works to ensure the continued strength of the nation’s residential and commercial real estate markets; to expand homeownership and extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and fosters professional excellence among real estate finance employees through a wide range of educational programs and a variety of publications. Its membership of over 2,400 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, Wall Street conduits, life insurance companies and others in the mortgage lending field. For additional information, visit MBA’s Web site: www.mortgagebankers.org.
Contact: Carolyn Kemp (202) 557-2727
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