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PPR heading in right direction.

Property & Portfolio Research, Inc. (PPR) and Algorithmics, Inc. have released an enhanced version of their co-branded, industry-leading mortgage risk management model, [COMPASS.sup.CRE], which allows users to directly address key risk factors for construction and non-stabilized loans.

"Banks and insurance companies now use [COMPASS.sup.CRE] to manage over $250 billion in commercial real estate mortgages," said George Pappadopoulos, PPR's Director of Risk Management and Debt Research. "We also have clients that use [COMPASS.sup.CRE] to rate loans and others who use the model to regulate lending institutions. Each of these groups has a different perspective, and the feedback we've received from them has been invaluable in developing the enhancements."

[COMPASS.sup.CRE] is calibrated using an extensive, proprietary database sample of defaulted and non-defaulted loans, and measures probability of default, loss given default, and expected loss for a loan, portfolio, or securitized pool. It provides real estate lenders and risk managers a Basel-compliant, empirically validated commercial real estate risk management solution.
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Title Annotation:Banking & Finance
Publication:Real Estate Weekly
Geographic Code:1USA
Date:Sep 28, 2005
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