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As Philadelphians, it’s easy to think that 2012 has been a disappointment.  Our beloved Eagles are 4-9, the Phillies had the most disappointing season in recent history and the Sixers traded last year’s best player for someone who has not yet set foot on the court this season (to avoid any rage from hockey fans, we will omit any discussion of the state of the Flyers).Continue Reading Optimism Abounds at the CREFC After-Work Seminar: “Lender Perspective: Current State of the Debt Markets & Trends for 2013”

Following a great evening with our clients and friends at the top of the Hay Adams, Conference Co-Chair Rick Jones kicked off Conference Day 2 here at CREFC with a panel on the slow-motion car crash that is the European sovereign crisis. And while the Bank runs,  a 100 billion in land loans, and GrexIt combine to paint a sobering picture for the next few months, we’re all continuing to look for opportunities. Do we go from crisis to calm to crisis? Will Europe begin to federalize? Will investors in CRE eventually get used to the Euro ups and downs and just ignore it? Lots of questions, not many concrete answers.Continue Reading CrunchedCredit.com Live Blog From CREFC 2012 Annual Conference – Day 2

Over 800 industry participants have descended on Washington D.C. for the CREFC annual conference. With CREFC’s expanded focus on more than just securitization, we are now hearing from a more diverse set of voices at the conference. The conference kicked off this morning with the PSA Task Force’s discussion of the pooling and servicing agreement simplification…

Next week, hundreds of industry participants will make their way to our Nation’s capital for CREFC’s Annual Conference.   

The Conference promises to provide a forum to explore the effect of increasing financial instability in the Eurozone as well as the opportunity to develop important industry initiatives.  CREFC’s PSA Task Force will kick things off…

Last month three of our colleagues attended the Distressed Debt Conference sponsored by CREFC at the New York Athletic Club. Since the topics of distressed debt and loan sales are frequently covered by CrunchedCredit, we thought an update on this conference was worth providing. For those of us not in the New York office, travelling to NYC is always an excellent opportunity to catch up with clients and colleagues. Given that we were talking about distressed debt and there is a lot more of it than there used to be, it was a welcomed change to see that the mood of the conference was very upbeat, and that there was general enthusiasm about the numerous opportunities available in the distressed debt market. Continue Reading CREFC Distressed Debt Conference Update

The image of the cresting wave looming behind the dais in the Loews’ Americana Salon during Douglas Holtz-Eakin’s keynote address posed a central, if unintended, question that was addressed by more than one speaker during the three-day conference.  Are we riding a wave to recovery or facing a deluge of maturing debt?  For most of the 1,200 industry participants that occupied Miami’s South Beach for CREFC’s annual January conference last week, there seems to be no certain answer (other than almost unanimous agreement that South Beach is a better Winter destination than our Nation’s Capitol).Continue Reading CREFC January Conference Recap: Riding the Wave

I just can’t schedule enough time in my day to worry about all the things that seem to demand to be worried about. As I write, this week the Dow closed 630+ down one day and bounced 600 points the next. Yikes.  Between that, the debt ceiling and downgrades, Dodd-Frank, the interminable drumbeat of hostility towards Wall Street and business coming out of the White House, the mess in Europe, the falling dollar, insanely low interest rates, high unemployment, the fact that somehow corporate America seems to still be earning bucket loads of money, and, in general the discomfiting disconnect between our still positive every day deal world and the angst, anxiety and drumbeat of awful news in the macro market, what should we think?  It makes my hair hurt.

But, drawing on my deep and boundless reserve of existential anxiety, I’ve now found a few free moments to worry about the SEC’s new re-proposal on shelf eligibility for asset-backed securities. This missive was released (pdf) on July 26, 2011, and comments are due by October 4, 2011. Continue Reading It Just Gets Better and Better: Reg AB Redux

Here in Boston, we’ve had a busy but productive week since the CREFC June Convention culminated –punctuated with more than a million hockey fans witnessing a parade of Duck Boats waddle through the Back Bay. The Convention itself saw a smaller (albeit similarly excitable) parade of lenders, borrowers, servicers and other industry participants descend on Manhattan for two days of networking, learning and discussion.

Continue Reading CREFC Convention Recap and Making Way For Duck Boats