Overlooked by the recent focus on health care reform, and now by the financial reform bills (see my recent blog posts, is draft legislation prepared by Representative Minnick(D-Idaho). Known as "The Community Bank and Commercial Real Estate Stabilization Act of 2010," his draft legislation has circulated on the Hill but has NOT been introduced into… Continue Reading
Tag Archives: Real
Information & Tips On Selling Commercial REO Using CRE Auctions & Online Due Diligence Tools (a series)
Posted in Market Trends, Technology (including Green Buildings), Tough Times for LendersFor most commercial real estate lenders and loan servicers, it is important to quickly stabilize and then promptly sell property after acquiring title to collateral. The typical REO (definition) business plan includes the need to move the REO off the balance sheet by selling REO in an orderly manner—after coordinating loss recognition with an increase in capital… Continue Reading
Bank Regulators Adopt Guidance on Prudent Commercial Real Estate Loan Workouts
Posted in Good Times for Lenders, Market Trends, Workout IssuesOn October 30, 2009, the Federal Financial Institutions Examination Council (FFIEC) issued a policy statement that was adopted by the OCC, the Fed, the FDIC and the Office of Thrift Supervision as Guidance on Prudent Commercial Real Estate Loan Workouts (FFIEC’s Guidance under the OCC Bulletin 2009-32). The policy replaced the Interagency Policy Statement on… Continue Reading