The Dodd Frank Act (summaries) is the most significant Federal legislation in the last X years . . . or just in a long, long time. Central in the Act is the role given to Federal regulatory agencies to create the detailed rules to implement the Act, in what I call "delegated legislation." The… Continue Reading
Tag Archives: Reform
Dodd-Frank Regulatory Reform Bill: Helpful Analysis and Commentary by Deutsch Bank and a Harvard Law School Blog
Posted in Good Times for Lenders, Market TrendsOver the last several weeks, I’ve shared and commented upon numerous summaries of the Dodd-Frank Wall Street Reform & Consumer Protection Act. Last week I discovered two pieces that artfully make sense of the 2,319-page Act, and even offer up some implications. They are very helpful and interesting. If you really need to understand the Act,… Continue Reading
Financial Reform Bill Update: Summary of Dodd-Frank Bill by the CREF Council
Posted in Good Times for Lenders, Market TrendsThis should be the final summary from me on the Dodd-Frank Wall Street Reform and Consumer Protection Act. My last posting on this topic covered the summary furnished by the MBA, together with links to other resources, summaries, commentaries, etc. Like the MBA, the Commercial Real Estate Finance Council focuses on the commercial real estate;… Continue Reading
Financial Reform Bill Update: Want Details About It? Summary From The MBA
Posted in Good Times for Lenders, Market TrendsFollowing up on my collection of summaries and up-dates from Congress, industry organizations, Google sources (via news\blogs\twitter) and one DC law firm, here is the summary prepared by the MBA. I know that this blog entry is short. However, if this blog is all about the content, then on the topic of "where can I… Continue Reading
Financial Reform Bill Update: Summaries and Resources, With New Information From The LSTA & The CREF-C
Posted in Good Times for Lenders, Market TrendsIf you’ve been following (here at TTFL) the Dodd-Frank Wall Street Reform and Consumer Protection Act, then you have these resources (and my 2 cent commentary): the summary furnished by the House Financial Services Committee, and to a copy of the entire bill [link to all of this] tips on using Google Reader to monitor… Continue Reading
Following Dodd-Frank Financial Reform Bill? Use Google Reader
Posted in Good Times for Lenders, Market Trends, Technology (including Green Buildings)On the 4th of July. I suggested that you celebrate it by becoming more "involved" in understanding what is being called the greatest "reform" or restructure of our national economic platform since the Great Depression (remember: we’re only in a "recession"). If you’re following this important financial reform bill (the Dodd-Frank Wall Street Reform and… Continue Reading
Financial Reform Bill Update: House Staff Summary of the Conference Committee Bill is a MUST Read
Posted in Good Times for Lenders, Market TrendsEarlier this week, I posted a short summary of the Financial Services Reform Bill. Since then, the House Financial Services Committee posted the text of the overhaul agreed by the House-Senate Conference Committee late last week: Now called the Dodd-Frank Wall Street Reform and Consumer Protection Act, the bill is both long (2,193 pages), and… Continue Reading
‘Hot’ Topics from the MBA’s Servicing & Technology Conference
Posted in Good Times for Lenders, Market Trends, Tough Times for LendersFor the next couple of days, I’ll be giving you summaries from the MBA’s Servicing and Technology Conference. As you might suspect, the sessions focus on the ‘hot’ topics. Here are the sessions that have my attention: Federal legislation, regulatory reform, and the political climate, including REMIC reform, banking reform, risk-based capital requirements, the "new" CMBS 2.0,… Continue Reading
Rating Agency Challenges: Wells Letter For Moody’s; New SEC Rule Addresses Conflicts of Interest; Post-Employment Limitations; and Loan Level Focus & Data Needed
Posted in Good Times for Lenders, Market Trends, Technology (including Green Buildings)Rating Agencies continue to be under a microscope. Here are two recent events, and two points that should be of interest: Moody’s Receives a Wells Letter Information Sharing Under New SEC Rule 17g-5 Addresses Conflicts of Interest Needed: Post-Employment Limitations On Rating Agency Employees Deserve Consideration; and Needed: Rating Agency Focus On Loan Level Fundamentals (Using… Continue Reading
Financial Reform: Major Industry Groups Ask Senate Banking Committee to Carefully Consider Securitization Reform
Posted in Covered Bonds, Good Times for Lenders, Market TrendsOnce again [link to earlier letter], in a letter dated March 25, 2010, the 21 key industry groups band together in an attempt to focus the Senate on the importance of the securitization market, and to caution the Senate on the proposed reforms relating to the securitization market. The players in this group represent an extremely… Continue Reading
CMSA & Key Industry Groups Push Congress To Avoid “Looming Commercial Real Estate Crisis”
Posted in Good Times for Lenders, Market TrendsAs I noted previously [link], the mid-term elections significantly limit the time period for Congress to pass a meaningful financial reform bill. The “window” for this closes in August – five months from now – when the fall election campaigns kick into high gear. With this short-course in mind, the CMSA and other key industry groups… Continue Reading
CMBS 2.0 & Financial Reform: Industry Comments on FDIC ‘Safe Harbor’ Provisions For Securitization
Posted in Good Times for Lenders, Market TrendsYesterday, the Commercial Mortgage Securities Association (CMSA) submitted a comment letter [download] to the FDIC concerning the FDIC’s ‘Safe Harbor’ rule [down load the FDIC's Advanced Notice of Proposed Rulemaking] covering the securitization of commercial real estate loans. Of course, the CMSA is not the only industry organization to comment on the FDIC’s proposed rule. For… Continue Reading
Capital Markets Scorecard: Committee & Council Meetings at MBA-CREF Convention – Spring Is In The Air!!
Posted in Good Times for Lenders, Market Trends, Tough Times for LendersUnlike the CMSA January Conference (where the primary focus is on addressing substantive issues) [link], the MBA-CREF convention has a primary focus on relationships: mortgage bankers meet with lenders; and lenders meet with mortgage bankers. However, the MBA does offer some very interesting Committee and Council meetings, where substantive issues are discussed. But make no mistake… Continue Reading
Into the Looking Glass (Day Three): 2009 MBA-CREF – Workouts, Special Servicing and Back to the Basics
Posted in Good Times for Lenders, Market Trends, Tough Times for Lenders, Workout Issues(This is part of a series of postings from the 2009 MBA-CREF convention in San Diego.) (Trends; Arriving; Day One; Day Two; Day Three) It is no surprise that the convention is markedly different from previous years. Everything has changed (unfortunately that’s almost NOT a terrible understatement): lenders have a new focus (and those with "real"… Continue Reading