PPR heading in right direction.
"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|
|Date:||Sep 28, 2005|
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