Weekly Talking Points
January 30, 2023
This new segment summarizes the key items CREFC is focused on this week. Use it to catch up quickly or to brief your colleagues in a meeting on what is driving the week in government policy. Each item is covered in more detail .
- SEC Securitization Conflict Proposal: After sitting dormant since 2011, a Dodd-Frank Era rulemaking was re-proposed by the SEC last week. If finalized, the rule would ban certain securitization participants from “engaging in any transaction that would involve or result in certain material conflicts of interest.”
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Blueprint for Renter Protections: The White House released its plan for renters protection, which includes a mix of policy goals and some federal action. On a similar front, the FHFA will study the feasibility of preventing “egregious rent increases” in properties backed by the GSEs.
- Debt Limit Doldrums: As Democrats call on Republicans to release their plan, House Republicans are considering a short-term suspension of the debt ceiling through September 30 to buy more time to negotiate with the White House.
- Alert on Russian Money in CRE: FinCEN issues an alert warning financial institutions that the CRE market continues to be a target for sanctioned individuals to stash money. While the alert isn’t in response to a particular event, it highlights potential CRE vulnerabilities and tactics to detect sanctions evasion.
- CREFC’s CMBS Loan Report: The December 2022 report say delinquencies tick up and the special servicing rate tick down. Click here to download the full report.