The Commercial Mortgage Securities Association (CMSA) today provided Committee Chairman Chris Dodd and Ranking Member Richard Shelby with a letter that urges members to ensure that any regulatory reform bill takes into account the unique nature of commercial real estate finance.  

The CMSA is supportive of risk retention, or “skin in the game,” by originators, issuers or third party investors who re-underwrite the assets prior to securitization. 

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