Regulation AB II is almost here!

The SEC announced that on Feb. 5 they will propose final changes to loan level data disclosures for all asset backed securities including CMBS. This rule, known as Reg AB II, is an update to the original Reg AB that governed securitization rules during the financial crisis.

C-MISMO standards coming this month

It’s been a housekeeping month with MISMO as we get ready to re-introduce and formally approve the rent roll and operating statement standards.

Feds issue risk retention rules

After more than two years of silence, federal regulators have begun issuing the final rules for securitization reform called for under Dodd Frank. This week, they issued the rules on risk retention.

Upbeat but cautious CREFC annual meeting

More than 1,000 people attended the Commercial Real Estate Finance Council’s annual conference two weeks ago. While the mood was mostly upbeat, signs indicate not all is perfect in the market.

Origination standards and technical support

I attended two MISMO meetings in the last few weeks, and we are making progress.

Re-activating C-MISMO as chairman of the board

Well, I was re-elected to another two-year term to serve on the board of governors of the Commercial Mortgage Industry Standards Maintenance Organization (C-MISMO), on which I have served since 2008. What’s new this year: I was elected chairman of the board, succeeding Jim Cooke who held that position admirably. As I look forward to […]

MBA most upbeat in years

I just got back from San Diego where I attended the MBA CREF/Multifamily Housing Convention & Expo along with about 2,600 other people. The mood was as optimistic as I have seen since the crash. Brokers have deals that need financing, and lenders have money to lend at historically low rates. With these perfect conditions, […]

CREFC, IRP and regulatory updates

CREFC is cautious but upbeat, the IRP Committee wants to skip IRP 6, and the Regulatory Committee is moving toward smart compromise.