Practising Law Institute to host mortgage loan seminar.Mortgage lenders and their counsel can learn about the latest developments in mortgage loan structuring and securitization Securitization The process of creating a financial instrument by combining other financial assets and then marketing them to investors. Notes: Mortgage backed securities are a perfect example of securitization. May also be spelled as "securitisation. and get new ideas "New Ideas" is the debut single by Scottish New Wave/Indie Rock act The Dykeenies. It was first released as a Double A-side with "Will It Happen Tonight?" on July 17, 2006. The band also recorded a video for the track. on handling troubled loans at the Practising Law Institute Practising Law Institute (PLI) is a non-profit Continuing Legal Education (CLE) organization chartered by the Regents of the University of the State of New York, founded in 1933. [1] "...(PLI PLI Practising Law Institute PLI Professional Liability Insurance PLI Programming Language Interface (Verilog programming language) PLI Partido Liberal Independiente (Independent Liberal Party, Nicaragua) ) seminar on "Commercial Real Estate Financing: What Borrowers and Lenders Need to Know Now." The seminar, chaired by Latham & Watkins real estate partner Joshua Stein, will be presented in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. on May 15-16. Stein has assembled a faculty of 40 leading real estate practitioners to share their expertise on mortgage loans, documentation, negotiations, and the closing process. "Mortgage lending changes constantly, and we will focus on new developments and changes in the market during the last year," Stein said. "For example, we'll particularly emphasize the latest requirements from the rating agencies for securitizable deals. We've added a segment on synthetic leases, and a special presentation on the total rewrite of the UCC An abbreviation for the Uniform Commercial Code. that's underway right now, and how it will affect mortgage lenders." Other topics include prepayment and defeasance; mezzanine lending, multi-lender transactions; subordinate financing; letters of credit in real estate transactions; non-disturbance agreements; title insurance; and recent court decisions that affect lenders and their counsel. One topic, according to Stein, may be the rising incidence of distress and default, particularly in some types of hotel loans. For that reason, the seminar will devote more time to strategies for troubled loans and include workshops on several types of defaulted loans. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion