CW Risk Management Solutions (CWRMS), a division of CWCapital Investments and its parent company CW Financial Services, has been selected by the Federal Reserve Bank of New York to provide underwriting analysis services for newly issued commercial mortgage-backed securities (CMBS) as part of the Term Asset-Backed Securities Loan Facility (TALF).
CWRMS will assist the New York Fed by reviewing commercial mortgages proposed as collateral for newly issued CMBS that would be eligible for a TALF loan. A dedicated team of CWRMS underwriters will provide analysis of property cashflows and values, as well as consider underwriting assumptions and related matters.
CWRMS will not establish policies or make decisions for the New York Fed, including decisions whether to reject a loan as collateral or the structure of CMBS transactions.
SOURCE: CW Risk Management Solutions