MMAB.PK Municipal Mortgage & Equity, LLC (OTC Stock) - Stock ...
Municipal Mortgage & Equity, LLC, together with its subsidiaries, arranges and provides debt and equity financing for developers and owners of multifamily and commercial real estate, and clean energy projects. The company operates in three segments: Affordable Housing, Real Estate, and Renewable Ventures. The Affordable Housing segment offers activities related to affordable housing, such as tax credit equity, which creates investment funds for investors that receive tax credits for investing in affordable housing partnerships; affordable bonds, which originates and invests in tax-exempt bonds; and affordable debt, which originates and invests in loans. The Real Estate segment conducts real estate finance activities, which comprises agency lending that originates both market rate and affordable housing multifamily loans, and the Federal Home Loan Mortgage Corporation, which sells the permanent loans to third party investors and the loans are guaranteed by the Government National Mortgage Association and insured by the United States Department of Housing and Urban Development; and merchant banking, which provides loan and bond originations, loan servicing, asset management, investment advisory, and other services to institutional investors. The Renewable Ventures segment finances, owns, and operates renewable energy and energy efficiency projects. The company was incorporated in 1995 and is headquartered in Baltimore, Maryland.
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