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Home > About MBA > Mission
A strong secondary market for commercial and multifamily mortgages is needed to provide the requisite liquidity for commercial real estate, including the refinancing of existing commercial and multifamily mortgages. The commercial mortgage-backed securities (CMBS) market emerged in the 1990s as an effective way to tap national and international capital markets for real estate finance. The CMBS market is beginning to mature, but it continues to be a rapidly-growing component of the real estate debt market. CMBS transactions not only have influenced the entire debt market, but, more importantly, have helped to provide greater underwriting due diligence and discipline to the flow of debt capital into real estate markets.
MBA Updates
- On Monday, April 30, 2007 MBA and its industry coalition partners submitted a response to the request of the Internal Revenue Service and the Treasury Department (Notice 2007-17) regarding possible amendments to the REMIC regulations for modifications of commercial mortgage loans. Click here to review response.
- Q Status. MBA, along with other CMBS Industry representatives, have been working with the Big 4 accounting firms on the treatment of REMIC and Qualified Special Purpose Entities (QSPEs) under Financial Accounting Standards 140 (FAS 140). The issues stem from concerns expressed by the accounting firms on the current activities performed by servicers in CMBS transactions and the corresponding limitations required by REMIC and QSPEs.
- MBA Participates in FASB Resource Group. The Financial Accounting Standards Board (FASB) has created a Resource Group to review the issues.
- Regulation AB. Visit the MBA Resource Web Page (put a link here).
- REMIC Reform. MBA continues to work with an industry coalition to lobby for enactment of the REMIC (real estate mortgage investment conduit) modernization legislation in the 109th Congress.
- MBA Research - Commercial/Multifamily Quaterly Data Book . Review the Commercial and Multifamily Finance Environment and Economic Outlook.
Related Links
Rating Agencies
Commercial/Multifamily NewsLink and Industry Articles
Conforming Loan Limits
FHA/HUD: Mortgagee Letters, FHA Mortgage Limits, Forms
Veterans Administration: Circulars
Fannie Mae: Guide Announcements, Lender Letters
Freddie Mac: Seller/Servicer Bulletins, Guide Forms
Ginnie Mae: APMs, MPMs, MBS Guide, MIP#s
Non-Agency: Reg AB
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Mortgage Action Alliance (MAA)
Empower yourself with the political skills necessary to advocate issues affecting your bottom-line and the real estate finance industry. |
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