1. What Am I In The Market For?
Buyers Panel:
What Am I In The Market For?
aka
How low do I go?

2. Brad Salzer
Redstone Funding LLC

3. Robert Milam Cam Childs Jeffry Mullins Santosh Govindaraju
Bayside Capital
Convergent Management LLC
Directed Capital
Stabilis Capital Management, LP

5. Commercial / Multifamily Mortgage Delinquency Rates for Major Investor Groups | Q4 2016

6. Noncurrent CRE Loans as a Total of All Loans

8. R E
Do you know this person? G U L A T I O N

9. Dodd Rollback Bogs Down
BY RYAN TRACY AND RACHEL WITKOWSKI
WASHINGTON—After weeks of high expectations for a swift Dodd-Frank rollback with a Republican in the White House, the reality of a hard slog is beginning to set in on Capitol Hill.
The Trump administration, which has laid out plans to roll back Obama-era financial regulations, now appears to be more focused on other parts of its agenda, such as tax changes.

10. CFPB Director Vows to Press On With Mission
Wednesday, January 25, 2017
CFPB Director Vows to Press On With Mission
BY YUKA HAYASHI
Consumer Financial Protection Bureau Director Richard Cordray said the watchdog would continue enforcement of existing consumer-protection rules at a steady and vigorous pace, and the arrival of the Trump administration “shouldn’t change the job at all.”

11. CFPB Strategic Plan, Budget and Performance Plan and Report
FY 2012
FY 2013
FY 2014
FY 2015
FY 2016
FY 2017
Personnel Compensation
99,464,304
154,049,556
203,460,591
192,300,000
219,200,000
238,500,000
Personnel Benefits
34,724,253
55,693,534
72,355,100
73,400,000
80,600,000
85,700,000
Benefits to Former Personnel
Not Included
TOTAL
134,188,557
209,743,090
275,815,691
265,700,000
299,800,000
324,200,000
Full-time Equivelent Employees
831
1,214
1,545
1,465
1,623
1,757
Compensation/Benefits Per Employee
$ ,478
$ ,770
$ ,521
$ ,365
$ ,720
$ ,519

12. “It says something dramatic when commercial banks rank dead last in the Emerging Trends survey on debt capital availability.”

14. Outlook: Upcoming Maturities
Over the next 6 months through July , roughly $65.6 billion in CMBS debt will come due. 6.35% of that total is delinquent and 10.7% is in special servicing. As the two dominant property types, office and retail loans comprise 31.9% and 24.8% of the volume maturing during this time frame, respectively.

15. SUMMARY OF CMBS ISSUANCE

17. Thinking about the year ahead for 2017, do you believe:
1. Commercial real estate lending by banks will: 1) increase;
2) decrease; or
3) stay the same as 2016
2. Commercial real estate values will: 1) increase;
2) decrease; or
3) stay the same as 2016
3. Underwriting standards will: 1) lessen;
2) strengthen; or
3) stay the same as 2016
4. As a lender, projected note sales in 2017 vs 2016 will be: 1) greater;
2) less; or
3) similar
5. As a note buyer, projected note acquisitions
in 2017 vs 2016 will be: 1) greater;
2) less; or
3) similar