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  <TITLE> Municipal Mortgage & Equity, LLC (Form: 8-K) </TITLE>
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  		UNITED STATES<BR>
  	SECURITIES AND EXCHANGE COMMISSION
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  	WASHINGTON, D.C. 20549
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  	FORM 8-K
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  	CURRENT REPORT
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  	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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  	Date of Report (Date of Earliest Event Reported):
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  	&nbsp;
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  	November 30, 2006
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  	Municipal Mortgage & Equity, LLC
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  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	Delaware
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  	001-11981
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  	52-1449733
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  _____________________<BR>
  	(State or other jurisdiction
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  _____________<BR>
  	(Commission
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  ______________<BR>
  	(I.R.S. Employer
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  	of incorporation)
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  	File Number)
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  	Identification No.)
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  	&nbsp;&nbsp;
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  	&nbsp;
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  	621 E Pratt Street, Suite 300, Baltimore, Maryland
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  	21202
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  _________________________________<BR>
  	(Address of principal executive offices)
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  	&nbsp;
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  ___________<BR>
  	(Zip Code)
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  	Registrant&#146;s telephone number, including area code:
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  	&nbsp;
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  	(443) 263-2900
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  	Not Applicable
  <BR>______________________________________________<BR>
  	Former name or former address, if changed since last report
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  	&nbsp;
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  <!-- CoverPageRegistrant END --><P><FONT SIZE="2">
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:</FONT>
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  <P><FONT SIZE="2">
  [&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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  	Item 1.01 Entry into a Material Definitive Agreement.
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  Amendment to Registrant's U.S. Bank Credit Agreement<br><br>On November 30, 2006, an indirect wholly-owned subsidiary of the registrant entered into the Fifth Amendment (the "U.S. Bank Amendment") to its Amended and Restated Credit Agreement, dated as of November 16, 2005 and as subsequently amended (the "U.S. Bank Agreement"), between MMA Mortgage Investment Corporation and U.S. Bank National Association.  Among other things, the U.S. Bank Amendment (a) extended the latest termination date of the U.S. Bank Agreement to November 30, 2007, (b) set the revolving commitment under the U.S. Bank Credit Agreement at $225 million for the month of December 2006 and $180 million from January 1, 2007 through the new termination date and (c) increased the leverage ratio for the quarter ending December 31, 2006 to 8:1.<br><br>Amendment to Registrant's $70 Million Credit Agreement with Bank of America<br><br>On December 1, 2006, two indirect wholly-owned subsidiaries of the registrant entered into the Fourth Amendment (the "BOA Amendment") to the Amended and Restated Credit Agreement, as amended (the "BOA Agreement"), among MMA Construction Finance, LLC, MMA Mortgage Investment Corporation, the lenders party thereto and Bank of America, N.A.  Among other things, the BOA Amendment extended the maturity date of the BOA Agreement to May 12, 2007.<br><br><br><br><br><br>  <br><br>
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  	Item 9.01 Financial Statements and Exhibits.
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  (c) Exhibits<br><br>10.1  Fifth Amendment, dated as of November 30, 2006, to the Amended and Restated Credit Agreement, as amended, between MMA Mortgage Investment Corporation and U.S. Bank National Association<br><br>10.2  Fourth Amendment, dated as of December 1, 2006, to the Amended and Restated Credit Agreement, as amended, among MMA Construction Finance, LLC, MMA Mortgage Investment Corporation, the lenders party thereto and Bank of America, N.A.
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  	SIGNATURES
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  	Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
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  	Municipal Mortgage & Equity, LLC
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  	&nbsp;&nbsp;
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  <I>
  	December 5, 2006
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  	&nbsp;
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  	By:
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  <I>
  	/s/ Anthony Mifsud
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  	&nbsp;
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  <I>
  	Name: Anthony Mifsud
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  <I>
  	Title: Senior Vice President and Treasurer
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  	Exhibit&nbsp;Index
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  	Exhibit No.
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  	&nbsp;
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  	Description
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  	10.1
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  	&nbsp;
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  Fifth Amendment, dated as of November 30, 2006, to the Amended and Restated Credit Agreement, as amended, between MMA Mortgage Investment Corporation and U.S. Bank National Association
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  	10.2
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  Fourth Amendment, dated as of December 1, 2006, to the Amended and Restated Credit Agreement, as amended, among MMA Construction Finance, LLC, MMA Mortgage Investment Corporation, the lenders party thereto and Bank of America, N.A.
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_16797.htm", "description": "LIVE FILING", "secsgml_size_bytes": 12158}]
metadata_filer: {"company-data": {"conformed-name": "MUNICIPAL MORTGAGE & EQUITY LLC", "cik": "0001003201", "assigned-sic": "6500", "irs-number": "521449733", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-11981", "film-number": "061257782"}, "business-address": {"street1": "621 E PRATT STREET", "street2": "SUITE 300", "city": "BALTIMORE", "state": "MD", "zip": "21202", "phone": "(443) 263-2900"}, "mail-address": {"street1": "621 E PRATT STREET", "street2": "SUITE 300", "city": "BALTIMORE", "state": "MD", "zip": "21202"}}
text: Municipal Mortgage & Equity, LLC (Form: 8-K)
  UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  WASHINGTON, D.C. 20549
  FORM 8-K
  CURRENT REPORT
  Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
  Date of Report (Date of Earliest Event Reported):
  November 30, 2006
  Municipal Mortgage & Equity, LLC
  __________________________________________
  (Exact name of registrant as specified in its charter)
  Delaware
  001-11981
  52-1449733
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  621 E Pratt Street, Suite 300, Baltimore, Maryland
  21202
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  (443) 263-2900
  Not Applicable
  ______________________________________________
  Former name or former address, if changed since last report
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:
  [  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  [  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  [  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  [  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
  Top of the Form
  Item 1.01 Entry into a Material Definitive Agreement.
  Amendment to Registrant's U.S. Bank Credit Agreement
  On November 30, 2006, an indirect wholly-owned subsidiary of the registrant entered into the Fifth Amendment (the "U.S. Bank Amendment") to its Amended and Restated Credit Agreement, dated as of November 16, 2005 and as subsequently amended (the "U.S. Bank Agreement"), between MMA Mortgage Investment Corporation and U.S. Bank National Association.  Among other things, the U.S. Bank Amendment (a) extended the latest termination date of the U.S. Bank Agreement to November 30, 2007, (b) set the revolving commitment under the U.S. Bank Credit Agreement at $225 million for the month of December 2006 and $180 million from January 1, 2007 through the new termination date and (c) increased the leverage ratio for the quarter ending December 31, 2006 to 8:1.
  Amendment to Registrant's $70 Million Credit Agreement with Bank of America
  On December 1, 2006, two indirect wholly-owned subsidiaries of the registrant entered into the Fourth Amendment (the "BOA Amendment") to the Amended and Restated Credit Agreement, as amended (the "BOA Agreement"), among MMA Construction Finance, LLC, MMA Mortgage Investment Corporation, the lenders party thereto and Bank of America, N.A.  Among other things, the BOA Amendment extended the maturity date of the BOA Agreement to May 12, 2007.
  Item 9.01 Financial Statements and Exhibits.
  (c) Exhibits
  10.1  Fifth Amendment, dated as of November 30, 2006, to the Amended and Restated Credit Agreement, as amended, between MMA Mortgage Investment Corporation and U.S. Bank National Association
  10.2  Fourth Amendment, dated as of December 1, 2006, to the Amended and Restated Credit Agreement, as amended, among MMA Construction Finance, LLC, MMA Mortgage Investment Corporation, the lenders party thereto and Bank of America, N.A.
  Top of the Form
  SIGNATURES
  Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
  Municipal Mortgage & Equity, LLC
  December 5, 2006
  By:
  /s/ Anthony Mifsud
  Name: Anthony Mifsud
  Title: Senior Vice President and Treasurer
  Top of the Form
  Exhibit Index
  Exhibit No.
  Description
  10.1
  Fifth Amendment, dated as of November 30, 2006, to the Amended and Restated Credit Agreement, as amended, between MMA Mortgage Investment Corporation and U.S. Bank National Association
  10.2
  Fourth Amendment, dated as of December 1, 2006, to the Amended and Restated Credit Agreement, as amended, among MMA Construction Finance, LLC, MMA Mortgage Investment Corporation, the lenders party thereto and Bank of America, N.A.