Many See Dodd Frank As Necessary
The collapse of MF Global and its CEO Jon Corzine has once again placed Dodd Frank in the forefront of the news. Many Democrats have been pushing for the implementation of the law, while Republicans have been pushing for its repeal.
With MF Global in bankruptcy now, this serves as another lesson of Wall Street firms ineptly managing risk. This has prompted many inquiries from regulatory agencies and comments from lawmakers. It seems as though the trend is to lean toward more regulation and control over markets and a smaller emphasis on deregulation and free market principles.
Structured finance has once again affected real estate finance. With the emphasis again being placed on Dodd Frank and its stipulations, more emphasis will be placed on implementing the law in its current form. This directly affects seller financing and the liquidity in the real estate marketplace. Dodd Frank restricts the type and structure of seller financed transactions throughout the US. Compliance is and will continue to be key to ensure the retention of value for the notes created under the new regulatory environment. Once again, Note Builders is leading the marketplace in providing this service to sellers and buyers of property.
Notebuilders is not interested in the politics of the law. It is going to influence the Real Estate business significantly and Notebuilders is seeking to make as many in the industry aware as possible.
Terry Lewis,
Notebuilders.com
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