Financial Reform to Test the Patience of Commercial RE Professionals
“It will be months or years before the commercial real estate industry feels, or even fully understands, the full impact of sweeping financial reforms that the president signed into law earlier this month, experts say.” So reports an article in a recent online edition of National Real Estate Investor magazine.
In the meantime – according to the article – mortgage lenders, investors and other seasoned professionals have an opportunity to make sure that rules promulgated under the new law will allow healthy business activity to thrive without strangling liquidity. Further, it quotes Lisa Pendergast, president of the CRE Financial Council, as saying: “It is critical that financial regulators carefully coordinate and customize rules to provide much needed certainty and confidence.”
For the full article: