Kenneth D. Hackman

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Kenneth D. Hackman focuses his practice on a broad range of real estate finance and investment matters, including the origination, acquisition and disposition of complex mortgage loans, mezzanine financings, preferred equity transactions, participations and other subordinate debt. Mr. Hackman has represented both lenders and borrowers in the modification, workout and restructuring of complex distressed-debt structures and also has significant experience in the financing of distressed and under-performing mortgage debt. Mr. Hackman has represented a number of investment banks, commercial banks, life insurance companies, institutional investors, specialty finance companies, REITs, loan servicers and private equity funds.

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The Astonishingly Shrinking Risk Retention Rule – SASB Transactions Unshackled

By Rick Jones and Kenneth D. Hackman on Posted in DechertOnPoint, Risk Retention, Securitization
I don’t think risk retention is applicable to a direct issuance securitization.  Many single asset, single borrower (SASB) transactions can be structured to avoid the need to retain risk under the Dodd-Frank Act and the attendant Risk Retention Rule.  There.  I’ve said it.  Read on.… Continue Reading

2018 MBA Conference – Soaring into 2018

By Kenneth D. Hackman on Posted in CMBS, Commercial Real Estate, Seminars and Conferences
Fresh off the Philadelphia Eagles’ first Super Bowl victory, a group of Dechert attorneys and 3,500 of our industry colleagues descended on San Diego for the Mortgage Bankers Association (MBA) CREF/Multifamily Housing Convention & Expo.  While those of us on the cross-country flight from Philadelphia were in a particularly jubilant mood, it was clear from … Continue Reading

2017 CREFC Annual Conference: Into the Heart of the Swamp

By Kenneth D. Hackman on Posted in CREFC, CREFC Annual Conference
CREFC held its Annual Conference last week in Washington D.C. Given the current politically charged climate, 2017 felt like a very appropriate time to move the Annual Conference from its traditional home in New York to Washington. Although attendance was down slightly from last year, over 1000 people attended the conference. Dechert hosted a reception … Continue Reading

CREFC Annual Conference 2016: Headwinds or Head First Into the Wall?

By Kenneth D. Hackman on Posted in CMBS, Commercial Mortgage Finance, Credit Crisis, CREFC, CREFC Annual Conference, Financial Reform, International Economies, Liquidity, Real Estate Funds, Regulatory, Risk Retention, Securitization, Seminars and Conferences
The slow start to 2016 did not dampen the enthusiasm at CREFC’s Annual Conference, held last week in New York City.  The conference saw record attendance, with standing-room-only crowds at virtually every panel.  As with the Industry Leaders Conference in January, the hot topics on people’s minds were risk retention (and the rest of the … Continue Reading

A Contrarian View on the Single-Family Rental Market

By Kenneth D. Hackman on Posted in CMBS, Commercial Mortgage Finance, Residential Mortgage Finance, Securitization
More than two years after the first single-family rental securitization, the single-family rental market continues to evolve and grow. The rise of single-family rentals reflects both a demographic shift among the American population and a reactionary change in consumer habits resulting from the financial crises. According to U.S. Census Bureau, the percentage of Americans that … Continue Reading

Bail-In, or Just Bailing?

By Rick Jones and Kenneth D. Hackman on Posted in Europe, Financial Reform, International Economies, Regulatory
You know, there’s never a dull moment when one reports on the regulatory states’ endless and so often fruitless and wrong-headed tinkering with the global economy. So now… let’s talk bail-in. The bail-in regime, which was adopted by all European Union countries (other than Poland) and implemented on January 1, 2016 (European Economic Area (EEA) … Continue Reading

3rd Annual IMN Single Family Rental Investment Forum – 7 Thoughts on the State of the Single Family Rental Market

By Kenneth D. Hackman on Posted in Securitization
The 3rd Annual IMN Single Family Rental (SFR) Investment Forum was held at the Loews Hotel in Miami Beach last week.  Over 1,000 SFR professionals attended the forum, including buyers, investors, lenders and service providers.  The number and range of attendees at this year’s conference demonstrated significant enthusiasm for a growing and vibrant SFR industry.… Continue Reading

CREFC Annual Conference 2014 Preview

By Kenneth D. Hackman on Posted in Seminars and Conferences
New York will again play host to CREFC’s annual conference, and over 800 of our colleagues are scheduled to attend. The conference begins next Monday with a slate of forums discussing current issues relating to high yield distressed real estate assets, portfolio lending, GSE multifamily lending, investment grade bonds, B-pieces, issuers and servicers.… Continue Reading

Chinese Developer Makes Large Footprint in U.S.

By Kenneth D. Hackman on Posted in Commercial Mortgage Finance, Residential Mortgage Finance
We have previously written here on CrunchedCredit about Chinese banks lending in the U.S. With recent news that Chinese state-owned developer Greenland Group has agreed to purchase a 70% stake in Brooklyn’s Atlantic Yards development for $725 million, we have seen the first headline grabbing real estate acquisition of U.S. property by a Chinese investor. … Continue Reading

Dechert OnPoint: Residential Mortgage Securitization Update: GSE Reform Bill

By Kenneth D. Hackman on Posted in DechertOnPoint, Residential Mortgage Finance
A bill was recently introduced in the Senate that could result in the wind-down of Fannie Mae and Freddie Mac. Under the bi-partisan “Housing Finance Reform and Taxpayer Protection Act of 2013”, recently introduced by Senators Bob Corker (R-TN) and Mark Warner (D-VA), Fannie Mae and Freddie Mac would be replaced by a new agency, … Continue Reading
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