Mortgage Loan Repurchase Agreements: Responding to the Current Market Disruption
Temporary Agreements; Loan Defaults, Amendments and Waivers Under Repo Agreements
A live 90-minute premium CLE video webinar with interactive Q&A
This CLE webinar will examine commercial mortgage loan repurchase facilities (repos) and their operation in the wake of COVID-19 and the real estate shutdown it has caused. The panel will discuss temporary agreements' complexities, modifying loans, and exercising (or forbearing from exercising) remedies within the repo framework.
- Mechanics of commercial mortgage loan repurchase agreements
- Seller sells and agrees to repurchase the loans from the buyer on a later date
- Use of SPV seller, bankruptcy code safe harbor protections
- Margin calls and repurchase events
- Impact of COVID-19 on real estate markets and loan performance
- Ramifications of continued market stress for repo agreements--options available to the buyer and seller
- Temporary agreements allowing the seller to mitigate margin and repurchase obligations
- Modification of the repo
- Repurchase of and workout of defaulted loans
The panel will review these and other key issues:
- How significant is the current repo market, and to what extent has the COVID-19 market disruption impacted repo loan portfolios?
- What are the mechanisms for giving control of troubled repo loans to the seller, and how does the buyer benefit?
- What issues should be addressed in a temporary agreement, and when should it terminate?
- What options are available to repo sellers for dealing with troubled loans absent a temporary agreement?
King & Spalding
Mr. Arkins represents financial institutions in domestic and foreign asset-backed securitizations, supply chain... | Read More
Mr. Arkins represents financial institutions in domestic and foreign asset-backed securitizations, supply chain financing, repurchase transactions, subscription lines and secured lending. He has extensive experience in the securitization of diverse asset types, He also advises both U.S. and international financial institutions on supply chain finance structures, represents banks and borrowers/sellers alike in repurchase transactions and more traditional forms of leveraged and secured lending. He has a significant practice in private equity fund financing facilities, including subscription lines, warehouse lines and other asset level financing tools. Jonathan is the author of articles on numerous areas related to finance, from letters of credit to negative pledge issues to jurisdictional and arbitration mattersClose
King & Spalding
Ms. Berger is active in the firm’s securitization, specialty finance and leveraged finance practices. She... | Read More
Ms. Berger is active in the firm’s securitization, specialty finance and leveraged finance practices. She represents financial institutions, private equity funds and other institutional investors in a variety of financing transactions, including repurchase transactions, warehouse facilities, receivables financings, securitizations and other asset-based financing transactions and secured and unsecured lending transactions.Close
King & Spalding
Mr. Yudin represents major financial institutions, private equity funds, and other institutional investors in warehouse... | Read More
Mr. Yudin represents major financial institutions, private equity funds, and other institutional investors in warehouse facilities, bankruptcy safe harbored financing transactions, asset-backed securitizations, supply chain and trade financing, repurchase transactions, subscription lines and secured lending. He has extensive experience representing both lenders/buyers and borrowers/sellers in warehouse facilities, securities contracts and repurchase transactions, as well as representing lenders and borrowers in more traditional forms of leveraged and secured lending and private equity fund financing facilities (including subscription lines).Close
Buy Live Webinar
Early Discount (through 12/18/20)
Buy Live Webinar & Recording
Includes special savings of $300 (through 12/18/20)
Live Webinar & Download
Live Webinar & DVD
$394 + $24.45 S&H