MBA Testifies on Implications and Consequences of the Proposed Rule on Risk Retention

WASHINGTON, D.C. – April 15, 2011 – (RealEstateRama) — Henry V. Cunningham Jr., CMB, Mortgage Bankers Association (MBA) board member and chairman of the MBA Residential Board of Governors, testified today on behalf of MBA before the House Financial Services Committee Subcommittee on Capital Markets and Government Sponsored Enterprises at a hearing on, “Understanding the Implications and Consequences of the Proposed Rule on Risk Retention,” providing the perspectives of both the commercial and residential real estate finance markets.