MISMO to Add CMSA Data to Dictionary

The Mortgage Industry Standards Maintenance Organization has been authorized to incorporate the contents of the Commercial Mortgage Securities Association's Investor Reporting Package into its data dictionary.The CMSA will retain the ownership and the responsibility for revising and updating the IRP. Terming the CMSA "the independent standard for investor reporting in the commercial mortgage-backed securities market," Michael F. Petrie, vice chairman of the Mortgage Bankers Association of America and the chair of its Technology Steering Committee, said the CMSA's participation is "crucial" as MISMO develops a data standards platform for the commercial mortgage industry. MISMO, the MBA's data standards organization, will establish a data transfer specification that will provide information consistent with the IRP. MISMO's Commercial Steering Committee will be expanded by two seats, the new members to be appointed by the CMSA with the approval of MISMO's commercial leadership group. The CMSA can be found online at http://www.cmbs.org, and the MBA can be found at http://www.mbaa.org.