MBA submits testimony on reestablishing a safe and sound environment for securitizatoin of real estate-related

October 7, 2009

by MBA

Washington, D.C. - October 7, 2009 - (RealEstateRama) — Members of the Media:Today, MBA submitted testimony for the record to the Senate Banking Subcommittee on Securities, Insurance and Investment for its hearing titled, “Securitization of Assets: Problems and Solutions.” In its testimony, MBA presents the components it believes must be considered when reestablishing a safe and sound environment for securitization of real estate-related assets.

If you have any questions, please contact Carolyn Kemp at (202) 557-2727 or ">.

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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: http://www.mortgagebankers.org/

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