WASHINGTON - A study released Wednesday by the Federal Reserve Board and the Securities and Exchange Commission said the market for securitized small-business and commercial real estate loans is healthy and requires no legislative or administrative intervention.
"The agencies have not uncovered any major impediments to securitization of commercial real estate or small-business loans," the report said. Current data collection practices are sufficient for regulators to continue to monitor the market for such securities, it said.
The report is the last of three biennial studies of the market for these loans and the availability of credit to commercial enterprises. The studies were required by the Riegle Community Development and Improvement Act of 1994.