"In an attempt to eliminate the 'mis-information' that exists with regard to the mold issue, this authoritative reference piece was crafted," explains Don Glitz, Vice President, Corporate Insurance Risk Manager of Capmark Financial Group, Inc. and Chair of the Mold Working Group. "Now that it has been updated, the White Paper can serve as an all-inclusive guidance document that clarifies all facets of the mold issue, so that our industry can make informed decisions based on individual situations, business models and transaction requirements."

"The most significant editorial change was the redrafting of the Executive Summary to provide an overview of the body of the White Paper that can serve as a stand alone document for non technical audiences," said Tom Alleman, Shareholder of Winstead PC, Vice Chair of COMBOG's Underwriting and Closing Committee and active member of the Mold Working Group. "The body of the White Paper, however retains the detailed citation of source material that was the hallmark of its predecessor document, catering to the needs of the technical reader."  

The purpose of this document is to provide the reader with an informative look at mold and damp indoor spaces: how knowledge in this area has evolved and what may be done now to effectively deal with mold and dampness. It is a basic guidance and educational document, addressed to a lending and servicing industry audience, rather than a standard, comprehensive essay or a legal treatise. Necessarily it must be something of a snapshot, because even during the period of its preparation, there will have been developments in research that are certain to have an impact on knowledge of these areas in both the short-term and long-term.

To view the White Paper, click here.

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The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry, an industry that employs more than 280,000 people in virtually every community in the country. Headquartered in Washington, D.C., the association works to ensure the continued strength of the nation's residential and commercial real estate markets; to expand homeownership and extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and fosters professional excellence among real estate finance employees through a wide range of educational programs and a variety of publications. Its membership of over 2,400 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, Wall Street conduits, life insurance companies and others in the mortgage lending field. For additional information, visit MBA's Web site:  www.mortgagebankers.org.