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CRE Finance World, Summer 2014

Forum Spotlight: CREFC Agency Investors Forum he Agency Investors Forum brought dealers, lenders, regulators and investors together to discuss a number of big topics in the past few months. A major discussion point has been the Johnson-Crapo bill, which was recently approved by the Senate Banking Committee. While the future of the bill remains unknown, GSE reform continues to dominate the conversation and the Agency Investors Forum is getting in on the discussion too. The Forum recently hosted a spirited debate as part of its After-Work Seminar Series that focused on what the proposed legislation will mean for the multifamily housing market. Julia Gordon, Director of Housing Finance and Policy at the Center for American Progress, and Edward Pinto, Resident Fellow at the American Enterprise Institute, presented their insights to a wellattended audience. Brendan Coleman, Senior Vice President at Walker & Dunlop, opened the event with an astute account of the multifamily finance market from its downturn to its rebound. Shekar Narasimhan, Managing Partner at Beekman Advisors, moderated the After-Work Seminar. There should be plenty more to discuss when we next meet in June. At the January 2014 Agency Investors Forum in South Beach, CREFC’s own Marty Schuh updated us on the legislative landscape for GSE reform, and Jefferies’ Lisa Pendergast presented on the outlook for the CRE market in general – and the multifamily market in particular – in 2014 and beyond. Following Lisa’s presentation, Chair-Elect Mitch Resnick of Freddie Mac led a roundtable discussion recapping 2013 and looking forward to the issuance and legislative changes we may face in 2014. I joined Mitch on the panel as did Marc Hughes of TD Bank – representing the institutional investor community, Chris Callahan of Credit Suisse presenting the dealer community’s perspective and Jeff Day of Berkeley Point from the Agency lender community. We look forward to our meeting of the Agency Investors Forum at the CREFC June Annual Conference in New York. Please join us. The forum covers topics of interest to all members of the multifamily finance community – borrowers, lenders, securitization platforms AND investors. T Josh Seiff Fannie Mae Chair Agency Investors Forum The Top U.S. Banks Trust Auction.com Sell with Auction.com Call 855-519-3277 or visit auction.com/sell © 2014 Auction.com, LLC. All rights reserved. 1 Mauchly, Irvine, CA 92618. To stay ahead, we actually draw the curve. For more than 200 years, the lawyers of Cadwalader, Wickersham & Taft LLP have helped our clients to shape markets, develop innovative transaction structures, and manage risk. The result: relationships that last irrespective of where the markets trend. For us, it’s not just about getting a deal done, it’s about finding new ways of doing it. Cadwalader, Wickersham & Taft LLP www.cadwalader.com


CRE Finance World, Summer 2014
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