Industry Groups Prepare For Bumpy Ride Amid a Divided Congress

Commercial Mortgage Alert, Jan. 6, 2023 (subscription)
Facing a potential recession and a divided Congress, industry groups are preparing to do yeoman’s work in Washington over the next six months. Michael Flood, chief commercial real estate policy official
at the Mortgage Bankers Association, said the group will be on guard to ensure that initiatives such as the Community Reinvestment Act — which is being revamped by the Federal
Reserve, FDIC and Comptroller of the Currency — give banks the necessary credit to get more affordable housing built.