MBA in Las Vegas

I attended the Mortgage Bankers Association annual commercial real estate finance conference in Las Vegas last week. Attendance was about 2,000 people, which was better than last year’s 1,600 but well off the 5,000 who attended during the peak. Money Available The mood was better than last year but still pretty bleak. I would describe […]

Transparency: On the agenda

The CMSA conference in Washington, DC just ended and the transparency issue was one of (if not the) dominant issues of the conference. Many attendees — as well as the guest speakers that included a senator, two congressmen, the head of the FDIC and a treasury spokesman — stressed transparency as critical to market recovery […]

Press coverage of MISMO rent roll and operating statements standards

The commercial real estate news service CRE News picked up the MISMO press release and wrote an article about the new rent roll and operating statement standard. Hopefully, this will help broaden the debate and discussion about this issue at the CMSA conference in Washington DC next week. Here is the article:

Standards Released!

The rent roll and operating statements standards we’ve been working on for the past six months are finished. They are posted on MISMO’s Commercial Mortgage Specifications page. Now it’s time to promote the benefits of compliance to ensure widespread industry adoption. I will be at the CMSA Conference next week in Washington, DC and the MBA […]

Standards Update

The MISMO rent roll and operating statement committee which I co-chair finished its work on the XML schema today (thanks to all committee members!). The schema we propose is capable of handling all common data templates for both Rent Rolls and Operating Statements. The schema will be made public around the first of the year […]

Thanksgiving 2009

I spent Thanksgiving in New York City this year with my family. My kids had never been to NYC so we sampled some of the great things The City has to offer including the Empire State Building, the Statue of Liberty, the museums and the Macy’s Thanksgiving Day Parade. A week like that certainly makes […]

Backshop user conference and Metallica show

I am just back from our 2009 Backshop user conference in New York. Bank of America hosted it in a beautiful board room overlooking Bryant Park. About 10 clients invested the day with us to go over our accomplishments from last year and help set priorities for next year. Backshop User Conference We unveiled our […]

Busy week: Checking in

It has been a busy week around here: ULI Conference, Leads Release, MISMO Progress, preparing for the Backshop User conference and listening to Julian Marley. As an aside: The asset highlighted in the Asset Summary Report – CVS Holliston Mass. (PDF) is a property my brother and Dad own that has CMBS debt on it. It’s interesting […]

House Bill 3890

Washington, DC – This morning I attended the House Financial Service Committee markup/debate meeting for the Accountability and Transparency in Rating Agency Act — House Bill 3890.

Movement

The buzz is starting on the shape government reform will take. Looks like the brunt of the regulation/changes will take place at the rating agency level through increased disclosure legislation. The start of this move was the SEC announcement that all rating agencies will get all deal info. Two more developments between the rating agencies […]