Commercial Real Estate Direct Staff ReportThe Federal Reserve Bank of New York yesterday received requests for $668.9 million of financing under the Term Asset-Backed Securities Loan Facility, or TALF, for legacy CMBS.As previously reported, the financing could be used by ...
Commercial Real Estate Direct Staff ReportParts of President Barack Obama's proposed overhaul of financial-sector regulations could unintentionally hurt bond investing and thwart a recovery of markets, warns the Commercial Mortgage Securities Association.The organization is particularly concerned about a provision that ...
Each one of the five Nationally Recognized Statistical Rating Organizations tracking CMBS ought to receive the same information for every proposed transaction, regardless of whether they are ultimately hired to rate the deals or not.So says Robert Dobilas, president and ...
Trepp LLC has been selected by the Federal Reserve Bank of New York as collateral monitor to evaluate CMBS investments financed under the Term Asset-Backed Securities Loan Facility, or TALF.The New York firm has been providing data and analytics to ...
Commercial Real Estate Direct Staff ReportThe 2010 federal budget proposed by President Barack Obama evidently seeks to cut funding under the Terrorism Risk Insurance Act by $644 million over the coming decade. And, according to the Mortgage Bankers Association, the ...
Commercial Real Estate Direct Staff ReportFDIC received 320 comments in response to its request for input on various aspects of its proposal to facilitate the sale of so-called legacy assets from banking institutions.Most suggested the agency ensure standardization of documents ...
Commercial Real Estate Direct Staff ReportThe Treasury Department has launched its outreach to investment managers that it will partner with to acquire troubled assets under its Financial Stability Plan.It will initially recruit five high-powered investment managers and add more to ...
By John Covaleski, Commercial Real Estate Direct Staff WriterThe Real Estate Roundtable wants regulators to liberalize rules governing real estate mortgage investment conduits, or Remics, to allow buyers of individual properties to assume pieces of portfolio loans.Buyers of properties financed ...
Washington PostThe insurance industry is trying to get regulators to lower their capital requirements, fearing that some companies might not meet today's rules, especially if already battered asset values continue to decline. If that were the case, policyholders could redeem ...
Commercial Real EstateDirect Staff ReportThe Financial Accounting Standards Board has set tougherdisclosure requirements for Qualified Special Purpose Entities, an accountinglynchpin of the CMBS industry.The accounting rule-making body organization, better knownas FASB, is requiring financial institutions to provide more detailed informationabout ...
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© 2023 Commercial Real Estate Direct All rights reserved..