So I was reading through my morning news and spotted this CMBS deals are slowly sneaking back in ? 

"The commercial mortgage bond securitization window that has been closed for nearly two years during this recession has reopened for business in the last few weeks and investors have lined up encouragingly to take advantage of a new round of CMBS offerings."

 Are things getting better ? 2010 off to a good start ? I would like to hope so. 

This looks interesting ...

Prudential Mortgage Capital’s Melissa Farrell says that the life company side of her firm is lending—to the tune of $5B so far this year. “And we'd like to lend more,” she told attendees of National Realty Club’s bi-weekly luncheon at the Williams Club yesterday, which got them to look up from their Oktoberfest meal.

I got a chance this weekend to take a glimpse at what looks to be a game changing platform for buying and selling bank owned property.  Bidday.com is priming for launch and has been hosting numerous test auctions.  The kinks are basically all worked out.

A brief overview...

BidDay™ Auctions is a most sophisticated real estate sales auction technology internationally with the ability to sell large blocks of ( REO ) bank properties and Non-Performing Notes/Loans to first time home buyers and investors. BidDay has a highly sophisticated inspection reporting on properties, video tours, artificial intelligent Avatars that interact with buyers, cutting edge wireless interfaces and iPhone applications and property repair and closing systems. Buyers can compete for properties either traditionally from a hotel ball room or using BidDay™’s proprietary online auction technology where they can see and hear the live auctioneer in real time from their computer, purchase a property, and close quickly. Lenders use live advanced controls for inventory management and pricing.