It was a summer afternoon and I was driving to the beach in my friend’s car, who was in the passenger seat (she didn’t particularly enjoy driving). It was an older edition Honda Civic that she had..
Faced with unprecedented regulatory scrutiny, Financial Services firms have made data quality a top priority. Most large banks now have a Chief Data Officer (CDO) as a ‘C’ level function and an..
Say “Rule 504” to Chief Compliance Officers of NY Financial Institutions and it may send chills down their spine. Recent regulatory lapses and cases involving penalties against financial..
A Well-Oiled Machine No More
For the last twenty years or so, the Commercial Mortgage Backed Securities (CMBS) market has pretty much functioned as a well-oiled machine.
Commercial Real Estate is once again in the crosshairs of bank regulators who are trying to ensure that a bubble scenario does not develop in this very hot market.
One of the culprits of the financial crisis was the 'originate to distribute' model where loans were made expressly to be sold into securitization pools, which meant that the lenders did not expect..
In the wake of the global financial crisis, large financial institutions continue to face a myriad of internal and..
Leading commercial lenders generally employ 3 core technology tiers across all lending products to take a deal from Origination through Servicing...
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