Page 7

CRE Finance World, Summer 2012

Letter from Stephen Renna are underway to update the Investor Reporting Package (including The success of all our activities and our strong growth wouldn’t the Loan Modification Template), simplify the Pooling & Servicing be possible without the leadership of our Board of Governors and Agreement and increase transparency with regard to affiliates, Executive Committee, who continue to demonstrate vigorous fees and specially serviced CMBS loans. Additionally, CREFC is commitment to the continued growth of our association. We owe working in collaboration with TreppPort on a Commercial Mortgage a special word of thanks to our outgoing Board President, Jack Servicing Rights (CMSRs) Survey. Finally, CREFC and Trepp are Cohen, for his strong leadership and vision during the past 12 also partnered on a Portfolio Lenders Insurance Company Survey, months. Our incoming President, Paul Vanderslice, brings an which we expect will become an industry standard benchmarking equally energetic approach and his own set of goals for CREFC, tool for portfolio performance. We are also exploring the creation and we look forward to his leadership over the coming year. of a similar survey for bank portfolio lenders. CREFC is on course to achieve our mission and we are ever striving An Increased Washington Profile to improve how and what we do to strengthen the CRE finance The work of CREFC’s Government Relations (GR) team — which industry. In partnership with you, our success will grow. My request you can read more about in this issue’s “Washington Minute” — of you over the coming months is to get or stay involved, introduce continues to pay dividends for our Membership. As a result of your team and your colleagues to CREFC and make your voice frequent interaction with members of Congress, their staff members part of the CREFC voice. CREFC is your association. Together we and finance industry regulators, we have become the “go-to” will take it to the next level. association for information and input from the commercial real estate finance industry. As regulators continue to promulgate the rules mandated by Dodd-Frank, the comments and opinions of our Members are among the first they seek. We are also taking Stephen M. Renna an active leadership role on numerous issues — multifamily finance Chief Executive Officer reform, CRE disclosures, and capital standards, among others — of CRE Finance Council interest to us and our association allies, and are creating coalitions with these partners in an effort to expand our collective voice in Washington. Our GR team regularly briefs our Members to provide information on our activities and a Washington-level view of events impacting your businesses. They are also available to brief your individual company GR teams on issues facing the industry at large. We encourage you to take an active role in our advocacy efforts, and you are responding by participating in legislative and regulatory meetings, testifying before congressional committees and providing valuable input relied upon by policymakers in their deliberations. A publication of Summer issue 2012 sponsored by CRE Finance World Summer 2012 5


CRE Finance World, Summer 2012
To see the actual publication please follow the link above