Guidance for Writing-off B-notes and Realized Loss Reporting

(Chaired by Bob Brice of Midland Loan Services)

CREFC Guidance for B Notes and Realized Loss Reporting

This working group was formed as a result of discussions held at CREFC’s 2014 Annual Conference IRP Committee meeting.  The working group developed guidance on reporting subsequent losses on B-notes in a modified loan situation.

CREFC held an open comment period from November 20, 2014 to December 3, 2014 for members to submit their input on these proposed changes. The guidance document will be incorporated into IRP Version 7.1.