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Article: Secondary Market. (commercial mortgages) (Column)
- Article from:
- Mortgage Banking
- Article date:
- May 1, 1992
- Author:
CopyrightCOPYRIGHT 1992 Mortgage Bankers Association of America. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MBA and other leading voices in the field of mortgage finance are proud of saying that the current "credit crunch" has not had any impact on the availability of credit to finance home purchases and mortgage refinancings. This is a testament to the efficiency of the secondary market for residential mortgage loans. Standardized underwriting, documentation, mortgage terms and servicing requirements were the necessary ingredients leading to wide investor appeal for generic mortgage-related securities. Parallels to the residential secondary market are important guides for developing approaches for a secondary market for commercial mortgages.
The starting point for ...