New rules for banks would be the ‘end of real-estate finance as we know it,’ MBA says

New rules for banks would be the ‘end of real-estate finance as we know it,’ MBA says

Detroit, Michigan skyline.Sean Pavone/Shutterstock Basel III proposals would cripple commercial property financing, MBA CEO Bob Broeksmit said. The proposed regulation would require banks to maintain more capital to protect against loan losses. “Basel III could be the end of bank real-estate finance as we know it,” Broeksmit said. Proposed rules that would require bank lenders…

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