Origination standards and technical support

I attended two MISMO meetings in the last few weeks, and we are making progress.

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Re-activating C-MISMO as chairman of the board

Well, I was re-elected to another two-year term to serve on the board of governors of the Commercial Mortgage Industry Standards Maintenance Organization (C-MISMO), on which I have served since 2008.

What’s new this year: I was elected chairman of the board, succeeding Jim Cooke who held that position admirably. As I look forward to two upcoming conferences, I am excited to get C-MISMO moving on existing and new standards.

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MBA most upbeat in years

I just got back from San Diego where I attended the MBA CREF/Multifamily Housing Convention & Expo along with about 2,600 other people. The mood was as optimistic as I have seen since the crash. Brokers have deals that need financing, and lenders have money to lend at historically low rates. With these perfect conditions, if you have a good deal, it is a great time to be a borrower.

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