Entries by jimflaherty

C-MISMO survives coup attempt

The leadership at C-MISMO (which I am a part of) has been trying to decide the next steps to promote standards adoption. Toward that end, we hosted a “MISMO Summit” in May to seek support. At the meeting, it was clear a group of people wanted to put the entire effort into a hibernation mode. […]

CREFC Cautious

I attended the CREFC Annual Conference last week in New York, which was also attended by about 1,000 people representing all the different segments of the CMBS industry (Issuers, Investors, Servicers, and Professionals). I would describe the mood as cautious due to recent spread widening, a perception that CMBS underwriting standards have already deteriorated and […]

MISMO Summit and ICSC RECon convention

I’m fresh back from a pair of industry get-togethers. C-MISMO is floundering; retail seems to be recovering. MISMO Summit Last week I was in Chicago at the MBA’s annual Commercial Servicing and Technology Conference, where we hosted a MISMO summit in an effort to promote the adoption of industry standards. The meeting was fairly well […]

MISMO, Risk Retention and OBL

Lots going on this week, including a MISMO Data Summit, federal risk retention proposals and the end of Osama Bin Laden. MISMO Data Summit Plans are full steam ahead for a C-MISMO data “Summit” May 16 at the MBA Servicing and Technology Conference in Chicago. About 75 individuals from 30 companies got personal invitations. The […]

CREFC Releases Market Standards for CMBS 2.0

The industry trade group that controls the reporting standards for CMBS reporting, the CRE Finance Council, released the consensus version of the new reporting requirements for CMBS 2.0. The trade group spent over a year with investors, issuers and servicers trying to reach consensus on best practices and disclosure levels. Standardized Annex A The biggest […]

Why are MISMO standards not being adopted?

We in the Commercial Mortgaging Industry Standards Maintenance Organization (C-MISMO) have been trying to come up with our strategic goals for 2011. As a starting point to determine these goals, we are using the results of a 2010 survey the MBA commissioned by the Vertical Industry Standards and Technology Adoption (VISTA) project. The survey basically […]

MBA not as upbeat as CREFC

Last week’s MBA CREF conference was more subdued than January’s CMBS-centric CREFC conference. While the mood was cautiously optimistic — and definitely better than last year — the MBA CREF conference lacked the jubilation expressed at CREFC. That’s because CMBS was absolutely dead last year. Opening the coffin on the asset class has put most […]

Upbeat mood at CREFC conference

I attended the annual CREFC CMBS Investor conference in Washington DC last week, where the mood was definitely upbeat. So positive, in fact, that some people were already warning about slipping underwriting standards! Headed back to South Beach Perhaps the biggest sign that the market is back was the announcement that the 2012 conference will […]

MISMO update: Two more years!

I was re-elected to the Commercial Board of Governors of MISMO for another two-year term, so I will remain active in MISMO at least through 2013. MISMO, which stands for the Mortgage Industry Standards Maintenance Organizations (www.mismo.org), is a standard-making body run by MERS and owned by the MBA.