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KBRA Releases CREFC Day 1 & Day 2 Recap Kroll Bond Rating Agency (KBRA) releases its CREFC Day 1 & Day 2 Recap. CREFCs 22nd annual January conference started on Wednesday, January 20, 2021, albeit in an all-digital format due to the ongoing global pandemic. Whereas last years Miami conference drew close to 2,000 commercial real estate professionals, roughly 3,500 registered attendees and panelists assembled virtually. The Day 1 virtual sessions consisted of closed sessions by various CREFC forums. CREFCs Executive Director, Lisa Pendergast, commenced Day 2 of the conference with some thoughts about the state of the CRE industry, the year ahead, and the many important contributions that CREFC made to the industry in 2020 and will continue to make in 2021 and beyond.
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Kroll Bond Rating Agency (KBRA) releases a report on the acceleration in 2020 of Appraisal Reduction Amounts (ARAs), as well as our analysis of whether they are a good indicator for predicting CMBS loan losses.
ARAs, which serve to limit servicer advances, are also a key factor used to determine shifts in a securitization’s controlling class. KBRA recently reviewed ARAs across the CMBS 2.0 conduit universe, with some of the report’s key observations as follows:
409 ARAs have been effectuated year-to-date (YTD) through November 2020 on CMBS 2.0 conduit transactions. This is 3.7 times higher than the number (111) in full year (FY) 2019.
Press release content from Business Wire. The AP news staff was not involved in its creation.
KBRA Releases Research - ARAs Surge: Are They a Good Proxy for CMBS Loan Losses?
January 8, 2021 GMT
NEW YORK (BUSINESS WIRE) Jan 8, 2021
Kroll Bond Rating Agency (KBRA) releases a report on the acceleration in 2020 of Appraisal Reduction Amounts (ARAs), as well as our analysis of whether they are a good indicator for predicting CMBS loan losses.
ARAs, which serve to limit servicer advances, are also a key factor used to determine shifts in a securitization’s controlling class. KBRA recently reviewed ARAs across the CMBS 2.0 conduit universe, with some of the report’s key observations as follows: