Geithner Proposal a Mixed Bag

Treasury Secretary Timothy Geithner’s proposal to “fix” securitization was released last week, and it is a mixed bag for CMBS. On the positive side, he stated the SEC should promote increased transparency for both the deals and the rating agency methodology used to rate the deals. The best line was “Investors and credit rating agencies […]

More XML discussion with no movement

Monday’s IRP Committee Meeting at the annual CMSA conference was more talk and no action. There were about 100 people in the room including many investors and servicers, which highlighted the importance of the topic. The committee heads gave a good summary of the IRP process and why it is no longer being pursued. Then […]

17 Firms call in for XML kick off – CMSA next week

We had the kick-off call for the rent roll and operating statement standards making committee yesterday, and 17 firms called in representing CMBS issuers, banks, insurance companies, rating agencies, servicers and data providers. I was encouraged by the attendance number and the productive conversation. We made good progress through rent rolls and got started on […]

Register for the annual CMSA convention

Pre-registration closes Monday, June 1. Rates increase on Tuesday, June 2. Keep reading for details.

San Francisco to the Midwest by Boat

I celebrated my 42nd birthday with my family over the long weekend by renting a house in Discovery Bay, a community located on the Sacramento River Delta 70 miles from San Francisco. While the girls drove, my son and I went up by boat.

Big Easy showed early seeds of transparency

The MBA Commercial/Multifamily Servicing and Technology Conference I just attended was much more about business issues that servicers face (covenant violations, defaults, foreclosures and a general lack of liquidity) than how technology can help solve those issues. While words like transparency and efficiency were sometimes used, the belief that technology is need to achieve these goals seemed […]

C-MISMO to create rent roll and operating statement standards – Flaherty to chair

We announced at the MBA Commercial/Multifamily Servicing and Technology Conference in New Orleans that C-MISMO has authorized the creation of new standards for rent rolls and operating statements. To better aid all CRE investors/lenders, we have reduced our focus on the CMSA’s CMBS-centered IRP 6 (which we support) to instead concentrate on establishing broader commercial real estate […]

CMBS Leads is launched; now off to the Big Easy

CMBS Leads launched on Friday! It feels great to have the launch push behind us. Now we can focus on selling! This week I’m headed to New Orleans for the MBA Commercial/Multifamily Servicing and Technology Conference. I am speaking on three panels: 1. MISMO® – Data Standards for the Brave New World of Transparency & Efficiency […]

CMBS Leads Launch!

We plan to launch our CMBS Leads product at the end of the week. We are currently putting the finishing touches on the tool, and we are really proud of it.

C-MISMO Update

I sit on the Commercial Mortgage Industry Standards and Maintenance Organization’s Commercial Board of Governors (C-MISMO BOG) and we have been active this month working on two things: Creating a MISMO action plan to make MISMO relevant and to help the CMSA get IRP 6 approved. Preparing for our panel session at the MBA Commercial/Multifamily Servicing […]