Tag: MBA CREF Policy Update

The Senate was in session last week, as negotiations continued on a tax and spending deal (including the capital gains treatment of “carried interest”), and the Senate Banking Committee held separate hearings on climate change, and how communities and renters are faring in the housing market, respectively.

MBA and ACLI submitted a proposal last week to the NAIC to harmonize the life risk-based capital treatment of non-performing mortgages with the 2021 changes to the treatment of real estate investments. Also last week, MBA issued a white paper examining how climate change is dramatically reshaping lenders’ and policymakers’ approaches to the U.S. residential and commercial real estate markets.