Simpler, Friendlier Regs for Real Estate on the Horizon.  
Speculation on how the FED may streamline and reduce real estate regulations was one of the leading points for discussion in this month’s meeting of the Northern New Jersey RPN Mastermind Group.  Guest speaker Matt Galligan, president of CIT Real Estate Finance, discussed the intricacies and applications of current HVCRE (a.k.a. Highly Volatile Commercial Real Estate) applications and their effect on property loans and real estate development.  A draft of simpler regulations on HVCRE and other real estate loan activity is in the works and expected to be released later this year along with the anticipated repeal of Dodd Frank.  Mr. Galligan conveyed encouragement about the future of real estate and the U.S. economy that the current political atmosphere of loosening regulations and pro-business government portends.