The Commercial Paper - June 2013


In This Issue:

- Hydraulic Fracturing Leases and the Mortgage Loan Market

- Lender Concerns When Combining Low-Income Housing Tax Credits and New Markets Tax Credits

- Excerpt from Hydraulic Fracturing Leases and the Mortgage Loan Market:

Hydraulic fracturing or “fracking,” which was first implemented in 1949, is the process of fracturing layers of rock beneath the earth’s surface with highly pressurized liquid resulting in the release of fossil fuels such as petroleum and natural gas. The process involves the mixing of millions of gallons of water with sand and chemicals and injecting it into horizontal wellbores under pressure in order to fracture the surrounding shale formation, thus releasing the trapped oil and gas....

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