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New York -- The Commercial Mortgage Securities Association has formed a federal political action committee to deal with issues impacting the commercial mortgage-backed securities industry on Capitol Hill.
Dottie Cunningham, CEO of the CMBS industry trade association, said, "Since the inception of the CMBS market in the mid-1980s, the market has grown to over $540 billion in CMBS globally. Over the last several years there has been a steady increase in regulatory and legislative activity affecting the commercial real estate capital markets. The creation of a PAC will enhance CMSA's efforts to aggressively ...