Recently, Housing Wire commented on the CMBS delinquency rate, and noted that although it fell recently, Fitch expects the upward trend to continue to a peak of around 10% later this year – although the trend line is slowing due to the recovering economy. The continuing problems with CMBS loan makes Courtney Bristow’s primer on… Continue Reading
Tag Archives: workouts
Creative CRE Loan Modifications? All Hat & No Cattle in ’10
Posted in Market Trends, Tough Times for Lenders, Workout IssuesRemember the big splash made by the Federal regulators with their joint announcement of creative ways to restructure distressed commercial loans? Money Wise is having a 2 day twitter chat on loan modifications, where the non-performing loan is split into a performing Note A and a non-performing Note B. It’ll be a short chat from my… Continue Reading
List of Workout Strategies & Options for Distressed Commercial Real Estate
Posted in Market Trends, Tough Times for Lenders, Workout IssuesOn Tuesday, June 8, the Reznick Group hosted a seminar on "Workout Strategies and Options" at our offices in Dallas. One of the panelist was a fellow shareholder, John Nolan. The seminar attracted an interesting mix of lenders, borrowers, and investors. True to the focus on the seminar, the speakers focused on this list below…. Continue Reading
CRE Workouts: Early Signs Of Banks Implementing the ‘Good’ Note A and ‘Bad’ Note B Approach?
Posted in Market Trends, Tough Times for LendersPreviously, we commented on the October 30, 2009 regulatory announcement by Federal regulators, which articulated a significant switch or approach in the handling of distressed commercial mortgage loans. [links to two blog postings, including a copy of the announcement] One startling portion of the announcement is that banks are encouraged, in the appropriate circumstances, to… Continue Reading
Regulators Issue Major Regulatory Announcement: A Prudent Peace Pipe?
Posted in Good Times for Lenders, Market Trends, Remedies, Tough Times for Lenders, Workout IssuesThis past Friday (October 31, 2009), the Federal Financial Institutions Examination Council (website) released a major policy statement giving guidance, and articulating general principals, for the distressed commercial real estate debt market. The report is a "must" read: PDF. (Footnote #1 to the report lists the Federal & State Regulators – visit the FFIEC website for the complete… Continue Reading
Into the Looking Glass: Reports from the 2009 MBA Commercial\Multifamily Servicing & Technology Conference
Posted in Good Times for Lenders, Market Trends, Tax Issues, Tough Times for LendersOver the last 8 months, we’ve blogged in October from the EU, where we attended a real estate convention and visited with several clients (link to last day), and then in February from the MBA-CREF convention in San Diego (link to last day), This week, we’re attending the MBA’s Servicing & Technology Conference in New… Continue Reading
Banks and the Texas Economy: Will Texas remain the Lone Star?
Posted in Good Times for Lenders, Market TrendsEarlier this month, I was interviewed by financial journalist Nathan Stovall on the state of banks and loans in Texas. Stovall’s article in SNL Financial’s Banks & Thrifts section focuses on the Texas economy and how banks are preparing with regard to commercial real estate loans. My comments can be found in the article pasted below (half way… Continue Reading