The industry descended on our Nation’s Capital this morning for the 2011 CREFC conference: "Commercial Lending: The New World Order". It was -2 at Logan when my shuttle took to the air – needless to say I’m more than happy for the opportunity to spend a few days with friends, clients and colleagues in a warmer climate. (Current DC temperature is 24 degrees – not quite Stone Crabs at Joe’s, but I’ll take what I can get.)
CREFC President Lisa Pendergast opened with a warming message to attendees highlighting the great work CREFC and its members have done during the past 12 months, making special note of the commencement, in earnest, of the "healing process" of our industry that is now in full effect.
The important work that CREFC’s members do for our industry should be noted. DC is a particularly appropriate venue for this year’s conference. The work CREFC has accomplished on behalf of the mortgage industry in Congress – specifically as it relates to Dodd-Frank – has been critical. Moreover, the work of the CREFC Task Forces (literally hundreds of industry participants motivated solely by a desire to shape CMBS 2.0) has made amazing progress in developing best practices for Loan Underwriting, Representations and Warranties, PSA’s and Annex-A’s.
The conference now underway, we will certainly be posting more as the conference develops.
By: Matt Clark