KBRA Credit Profile Releases CREFC June Conference 2023: Day 3 Recap

KBRA Credit Profile (KCP), a division of KBRA Analytics, releases its Day 3 recap of the CRE Finance Council (CREFC) June Conference 2023. The day comprised three sessions focused on loan servicing, including challenges the industry is facing in the current market as well as solutions to improve borrower/servicer relationships and expedite workouts.

Key Takeaways

• The special servicing rate has room to increase; in the wake of the global financial crisis (GFC), special servicing rates did not peak until May 2012 with concern the current rate may similarly lag.
• Breaking down communication barriers and improving transparency between borrowers, servicers, and investors remains top of mind for market participants.
• As borrowers increasingly request loan modifications, servicers anticipate leaning on loan documents to address these proposals but expect challenges amid the complex and sometimes conflicting language as well as borrower pushback.

Click here to view the report.

Related Publications

• CREFC June Conference 2023: Day 1 Recap
• CREFC June Conference 2023: Day 2 Recap

About KBRA Credit Profile

KBRA Credit Profile (KCP) is a research service and nothing herein or otherwise provided by KCP shall be construed as a rating. Any rating opinions, analysis, projections, observations, data or other items constituting part of any information provided or distributed by KCP or KBRA are and must be construed solely as statements of opinion and not statements of fact.

About KBRA Analytics

KBRA Analytics, LLC (KBRA Analytics) is our premier product platform for high quality data and advanced analytics. Our seasoned teams of industry specialists across each product provide unparalleled insight creating a foundation of deeper analysis and rapid discovery for users. KBRA Analytics is an affiliate of Kroll Bond Rating Agency, LLC (KBRA). KBRA is a full-service credit rating agency registered in the U.S., designated to provide structured finance ratings in Canada, and with credit rating affiliates registered in the EU and UK.

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