Alongside co-sponsors ING and KBW/Stifel, next week Dechert is proud to be (virtually) hosting the 2021 Permanent & Private Capital Summit. This two-day conference, happening on June 2nd and 3rd, will cover the latest developments and trends in the
Rick Jones
Crunched Everything is a blog authored by Rick Jones, a recognized practitioner in capital markets and securitization with extensive experience in commercial real estate finance. The blog provides expert commentary and insights on topics such as commercial real estate capital markets, securitization structures, regulatory developments, and economic factors influencing mortgage finance. It reflects Jones's professional perspective, drawing on his leadership roles in industry organizations and his active involvement in policy advisory committees. The content often addresses market trends, risk considerations, and the impact of government fiscal policies on interest rates and capital markets.
Latest from Rick Jones - Page 10
Dechert OnPoint: Shari’a Compliant Investment Agreements Do Not Qualify for Safe Harbor
Sharia law prohibits interest, naturally putting financial minds to work on how to build structures around this religious prohibition. But a recent ruling has found that such investment agreements do not qualify for safe harbor provisions of the bankruptcy code.…
LIBOR’s Winter is Coming
By Rick Jones
God knows I’m as sick of LIBOR transition as you are and writing about it twice in quick succession is annoying, but I think necessary.
Here’s the headline which I don’t think has gotten the visibility it deserves:
LIBOR will…
SOFR Transition: It’s Not Done Yet!
By Rick Jones
We’ve written before about our anxiety regarding the fact that SOFR does not really seem fit for purpose to support commercial mortgage lending or indeed any cash product. (The nonsense about charging interest in arrears should have been a tell,…
A Modest Proposal: Why Can’t CRE CLOs Be More Like Corporate CLOs?
By Rick Jones
Here at Dechert, we have market-leading practices in CRE CLO as well as corporate CLOs, including broadly syndicated and middle market structures. So, every day that I peer into these two alternate universes, I’m astonished at how different these…
We All Need Practice Spelling ESG
By Rick Jones
Let me first apologize to my readership. I have been very dilatory in getting this commentary done and this topic is… a bit daunting. In my defense, working for a living can get in the way of thinking and writing.…
Rick Jones Q&A with the Mortgage Bankers Association
Crunched Credit’s own Rick Jones spoke with the Mortgage Bankers Association about both the threats and opportunities facing the CMBS market as the global pandemic rages on. Covering everything from the Biden Administration, and what it means for regulation…
LIBOR: First They Blinked and Now Some Hope, But a New Problem and It’s Big
By Rick Jones
First, the ARRC, playing Charlton Heston, playing Moses, brings down from on high the ten commandments of SOFR and lo, we were sore afraid and with veneration, professed we had no God but SOFR. A solution of sorts to a…
CREFC Annual Conference: The Virtual Edition
By Gina Leahey & Rebekah Ha
Last week, over 4,200 of our closest friends met virtually for the annual January conference by the Commercial Real Estate Finance Council, which is usually held in Miami. While we have all learned to go without in the last…
Highlights Of The Latest COVID-19 Relief Bill
The New Year is already proving to be a busy one. A new Congress, new COVID-19 strains and vaccine promises, and a new stimulus package making its way to American citizens and businesses. The Coronavirus Response and Relief Supplemental Appropriations…