Question by Bentleystar: I am interested in comments on Capitol Consortium Groups?
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Answer by Son of Marianne
At the height of the 1992 real estate capital crunch, the Genuine Estate Roundtable at Harvard University formed an offshoot, the Capital Consortium, to aid the development of a broader-primarily based commercial mortgage-backed securities (CMBS) marketplace. The Capital Consortium comprises the Mortgage Bankers Association of America, the National Realty Committee, and the National Association of Realtors.
Throughout 1991-92, the Resolution Trust Corporation’s introduction of securitizations for performing and nonperforming industrial loans revitalized the CMBS market place. In reality, at this time the CMBS industry became a main player in the capital-starved commercial finance arena.
Lack of refinancing capital contributed to the poor efficiency of the commercial true estate industry throughout the early 1990s. Much more lately, capital flows into the commercial market have improved significantly. Standard lenders such as commercial banks, pension funds, and life insurance firms have returned to the commercial market in force.
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