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!
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CMBS Leads update
We are doing a software release on Monday to update the CMBS Leads product. We added prepayment information and some original note terms to the display and improved the search function by adding specific address and zip code searches.
If you are a customer or have a demo account, you will see the changes by Tuesday morning.
Jim Flaherty named to MISMO Commercial Governance Committee
Great news: I’ve been voted to serve on the MISMO Commercial Governance Committee for 2009 and 2010. Thanks to everyone who voted for me. I look forward to serving the industry.
More great news: This weekend we will roll out a new site and a new set of research and analytical tools for CMBS Investors. This is part of our mission to provide open and standardized data and underwriting tools for all participants in the commercial mortgage backed securities market.
Internet at 35,000 feet!
I am on a plane to New York for several meetings and to attend the CMSA/MBA Capital Markets Conference in Washington DC this Wednesday through Friday.
For $12, I have internet access in the sky!
NatCity was bought by PNC Today
So far during this consolidation, our enterprise software business has been coping pretty well.
Bank of America buying Countrywide and RBS buying ABN AMRO were negative events in the fact that, since all four were users, four contracts became two. But, we were still left with fair multiyear maintenance contracts. Bank of America buying Merrill Lynch and Lehman failing were, in a way, good for Backshop because a two big securitized players that were not on Backshop are now gone.