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CMBS 2.0   :  By Jim Flaherty, President & CEO of CMBS.com



IRP Article in Debtwire

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:

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July 31: Checking in

TALF, LoopNet vs. CoStar, CoStar and PPR, MISMO and a vacation in Yosemite … a ton has happened in the past few weeks.

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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.

Learn more about CMBS Leads

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Good progress on MISMO standards

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 statement header.

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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 should have access to the information necessary to assess the credit quality of the assets underlying a securitization transaction at inception and over the life of the transaction.”

Agreed!

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