KC Conway, MAI, CRE - A new Weekly Market Recap

Keep Dodd-Frank on your radar with 2,000 pages of final rules on Section 165 (Who will be systemically Important) to be released soon that could alter real estate finance more than FIRREA ever did. It won't apply just to banks. You need to be paying attention as well if you are a hedge fund, life company, special servicer or financial intermediary in a dominant market position. And, please try to respond to the Discussion Item at the end of this week's WMR. We are not asking just for our benefit but to engage a much larger discussion with regulators, servicers, etc. about the whole appraisal process and reliability. I will keep all responses anonymous and assimilate all and share in a summary fashion next week and hopefully at a couple of forums in DC in the next 45-60 days. If we cannot restore public trust in value, capital will be slow to rebuild. It's time to get appraisal and valuation matters corrected and back on track. They are more off track today than before FIRREA. An intervention is needed. Your input and feedback can make a difference.