I’m back. Back to blogging. Home here at L360.
Several years ago, Kevin O’Keefe or Tom Mighell (one of them) commented that the majority of legal blogs last less than a year. Clearly, I’m
Much of the discussion surrounding “cures” to the CMBS model focuses on using “risk retention” as a consequence to the loan originator, which forces the commercial lender to bear the loss. That hurts. It’s a real stick. The model needs a carrot and a stick. 
Here’s an idea that deserves discussion: focus
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."
Yesterday, the chairmen of the bipartisan commission on reducing the national debt released an outline (link to report and an example) on spending cuts and tax increases. The plan focuses on deep cuts in domestic and military spending, an increase in the federal gasoline tax, simplifying the tax code, and benefit cuts and increased
No doubt, the 30,000 foot view on the way out of these troubled times for lenders is this: jobs, jobs, and jobs.
For commercial real estate, the corollary is this: the secondary housing finance market must be repaired, must be repaired, must be repaired.
(For a nice description of the "secondary housing finance market
Earlier 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:
Everyone should be following (just read the front page of your local paper) the joint House-Senate conference committee [prior posts] as they work on the financial regulatory reform legislation. On Friday, June 25th, the committee reached agreement on the legislation, with the goal of a House vote on it before the July
(This is my last blog covering the CREF-C June Convention)
Below is a very random collection of information (and comments) as “take aways” from my attendance at this convention earlier this week. You’ll note that I really don’t jump into the CMBS 2.0 panels, nor into the special servicing panels. Why? Most of the content from
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
The tentative time line for the House-Senate reconciliation conference committee covering the financial regulatory reform legislation is the following: begin to meet during the week of June 7, 2010, with the goal of having a final Bill ready for the President’s signature by the July 4 recess.
With that quick time line in mind, here
