New regulations under development could affect CMBS. New risk retention requirements, particularly the proposed Premium Capture Cash Reserve Account (PCCRA) provision, will be watched with concern. "The PCCRA is probably our most immediate threat given the fact that we think that rule will come out this year. If that rule stays as proposed, it would have a devastating effect on our industry," says E.J. Burke, chairman-elect of the Mortgage Bankers Association.
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