In the latest ACMA Community Blog post, Fellow Ken Miller describes changes to High Volatility Commercial Real Estate (HVCRE) rules that were enacted in recent amendments to the Dodd-Frank Act.
Miller writes that despite some remaining ambiguities, "it appears the revised rules for HVCRE loans have greatly reduced much of the uncertainties found in the original rules." These changes, he notes, benefit both banks and real property developers, and the blog helps readers understand those benefits. Miller concludes that the new rules are "a great improvement" over the prior rules "by resolving much of the confusion" that previously existed. But, he cautions, "further clarification is necessary."
To subscribe to the Community Blog, Fellows should log-on to the ACMA website; select "Manage Profile" on the right-hand side of the home page; click on the Blog icon; choose the Community Blog ("What's Up?"); and select "Subscribe" to read the blog posts to-date and receive updates on future posts. Subscribers also may post comments in response to the blogs. In addition, ACMA Fellows are encouraged to write new blogs to be posted.
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