Mortgage banking and real estate trade groups are still hoping they can get a provision for creating a secondary market for commercial real estate mortgages into legislation in Congress, but the possibility seems more likely to arrive in the House bill than it does the Senate.

Mortgage banking lobbyists failed to get a commitment from the Senate Banking Committee to provide for creating the market in the Community Development Banking bill, S. 1275. So they and two real estate trade groups set out to persuade the House Banking Committee.

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