MBA Lauds Passage of H.R. 2148, Clarifying Commercial Real Estate Loans Act

MBA Lauds Passage of H.R. 2148, Clarifying Commercial Real Estate Loans Act

WASHINGTON, D.C. (November 9, 2017) – (RealEstateRama) — David H. Stevens, CMB, President and CEO of the Mortgage Bankers Association (MBA), released the following statement, praising the House of Representatives for passing by a voice vote H.R. 2148, the Clarifying Commercial Real Estate Loans Act:

“I want to commend the House for passing this important bill which will allow lenders to better meet the needs of their borrowers, and will also support the overall commercial real estate finance ecosystem.

“Commercial and multifamily real estate finance is a nearly $4 trillion industry and touches almost every segment of the economy. Acquisition, Development or Construction (ADC) loans in particular, which this legislation supports, help to promote economic growth and job creation.”

The bipartisan legislation, introduced by Representatives Robert Pittenger (R-NC) and David Scott (D-GA), clarifies and amends parts of the Basel III high volatility commercial real estate (HVCRE) banking regulation. Specifically, this bill would clarify and adjust the line between loans that should and should not be classified as HVCRE loans. An amendment to the legislation authored by Representative Carolyn Maloney (D-NY) harmonizes the legislation with some language in the proposed changes recently noticed by regulators.

Ali Ahmad

(202) 557- 2727


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.


Mortgage Bankers Association
1331 L Street, NW
Washington, DC 20005

Phone: (202) 557-2700

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