Last week I talked about the Grand Bargain to fix our business. If we’re fixing to fix our business now, we’ve got to talk REMIC. The Real Estate Mortgage Investment Conduit (REMIC) created as part of the Tax Reform Act of 1986 was an enormous boom to the commercial real estate industry. It facilitated the
2025
A Modest Proposal Concerning A Grand Bargain For Our Business
By Rick Jones on
Let me begin with an apology for not being in print for a while. All that Ho-ho-ho-ing and a lot of mulling over this particular commentary is to blame. Today, with writer’s block behind me, this commentary is about acknowledging and considering addressing dysfunction in our industry.
The CRE securitization business never quite seems to reach robust…