The SEC announced new rules a few weeks ago regarding structured finance and securitization. One rule was covered extensively in the press and has been criticized as more “extend and pretend.” The other, which was not as well covered, is a huge victory for those of us seeking more CMBS transparency. The well-covered rule granted […]
https://www.cmbs.com/wp-content/uploads/2019/03/cmbslogo030619.png00jimflahertyhttps://www.cmbs.com/wp-content/uploads/2019/03/cmbslogo030619.pngjimflaherty2009-09-24 20:47:442020-09-16 20:48:34SEC Ruling a Victory for Transparency
I just finished up two days attending the Dealmakers Summit sponsored by Institutional Real Estate. It was held in San Diego and featured senior players primarily from the equity side of the business — owners, pension fund advisors, brokers, and consultants. The mood was generally pessimistic, especially after hearing from the economists (CRE fundamentals would continue […]
https://www.cmbs.com/wp-content/uploads/2019/03/cmbslogo030619.png00jimflahertyhttps://www.cmbs.com/wp-content/uploads/2019/03/cmbslogo030619.pngjimflaherty2009-09-16 20:49:172020-09-16 20:50:38Reporting from the Dealmakers Summit
We had a very active MISMO Council of Chairs call on Tuesday. IRP 6, rent rolls in XML and transparency where all being discussed. We had a “special guest” — a master servicer who gave us perspective on the challenges of getting the standards adopted.
The MISMO rent roll and operating statement standards committee has finished the proposed schema for the two reports. (Keep reading to download the Excel workbook.)
A recent article published by Debtwire addresses the IRP 6 issue. It’s the first time I’ve seen anything about this in mainstream news; that’s a good sign that more people are starting to pay attention to this issue. Here is the article: New CMSA IRP in flux; opposition from executives by Sarika Gangar sarika.gangar@debtwire.com www.debtwire.com A new […]
We had a third committee call today on the MISMO Rent Roll and Operating Statement Standards Committee. We have had 15-20 people on all the calls. The first two focused on the rent roll; this one focused on operating statements. We are making good progress and have basically finished up the rent roll and operating […]
https://www.cmbs.com/wp-content/uploads/2019/03/cmbslogo030619.png00jimflahertyhttps://www.cmbs.com/wp-content/uploads/2019/03/cmbslogo030619.pngjimflaherty2009-07-09 20:56:512020-09-16 20:57:48Good progress on MISMO standards
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 […]
https://www.cmbs.com/wp-content/uploads/2019/03/cmbslogo030619.png00jimflahertyhttps://www.cmbs.com/wp-content/uploads/2019/03/cmbslogo030619.pngjimflaherty2009-06-25 20:58:072020-09-16 21:00:02Geithner Proposal a Mixed Bag
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 […]
https://www.cmbs.com/wp-content/uploads/2019/03/cmbslogo030619.png00jimflahertyhttps://www.cmbs.com/wp-content/uploads/2019/03/cmbslogo030619.pngjimflaherty2009-06-12 21:00:312020-09-16 21:01:16More XML discussion with no movement
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 […]
https://www.cmbs.com/wp-content/uploads/2019/03/cmbslogo030619.png00jimflahertyhttps://www.cmbs.com/wp-content/uploads/2019/03/cmbslogo030619.pngjimflaherty2009-06-05 21:01:392020-09-16 21:02:4117 Firms call in for XML kick off – CMSA next week
SEC Ruling a Victory for Transparency
/0 Comments/in Industry news, Industry standards /by jimflahertyThe SEC announced new rules a few weeks ago regarding structured finance and securitization. One rule was covered extensively in the press and has been criticized as more “extend and pretend.” The other, which was not as well covered, is a huge victory for those of us seeking more CMBS transparency. The well-covered rule granted […]
Reporting from the Dealmakers Summit
/0 Comments/in Company history, Industry standards /by jimflahertyI just finished up two days attending the Dealmakers Summit sponsored by Institutional Real Estate. It was held in San Diego and featured senior players primarily from the equity side of the business — owners, pension fund advisors, brokers, and consultants. The mood was generally pessimistic, especially after hearing from the economists (CRE fundamentals would continue […]
MISMO Update
/0 Comments/in Industry news, Industry standards /by jimflahertyWe had a very active MISMO Council of Chairs call on Tuesday. IRP 6, rent rolls in XML and transparency where all being discussed. We had a “special guest” — a master servicer who gave us perspective on the challenges of getting the standards adopted.
Standards (Draft)!
/0 Comments/in Industry standards /by jimflahertyThe MISMO rent roll and operating statement standards committee has finished the proposed schema for the two reports. (Keep reading to download the Excel workbook.)
IRP Article in Debtwire
/0 Comments/in Industry standards /by jimflahertyA recent article published by Debtwire addresses the IRP 6 issue. It’s the first time I’ve seen anything about this in mainstream news; that’s a good sign that more people are starting to pay attention to this issue. Here is the article: New CMSA IRP in flux; opposition from executives by Sarika Gangar sarika.gangar@debtwire.com www.debtwire.com A new […]
July 31: Checking in
/0 Comments/in Industry news, Industry standards, What's going on /by jimflahertyTALF, LoopNet vs. CoStar, CoStar and PPR, MISMO and a vacation in Yosemite … a ton has happened in the past few weeks.
Good progress on MISMO standards
/0 Comments/in Industry standards /by jimflahertyWe had a third committee call today on the MISMO Rent Roll and Operating Statement Standards Committee. We have had 15-20 people on all the calls. The first two focused on the rent roll; this one focused on operating statements. We are making good progress and have basically finished up the rent roll and operating […]
Geithner Proposal a Mixed Bag
/0 Comments/in Industry news, Industry standards /by jimflahertyTreasury 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
/0 Comments/in Company history, Industry standards /by jimflahertyMonday’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
/0 Comments/in Industry news, Industry standards /by jimflahertyWe 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 […]