Is CMBS / Mortgage Property data publicly available?
I am wondering where do companies like Trepp, Reonomy obtain CMBS data on the property. Is this data publicly available through county websites? 

1. [https://www.trepp.com/](https://www.trepp.com/) 
2. [https://www.reonomy.com/](https://www.reonomy.com/)
[{"id": "gdivo2j", "text": "No. They are pulling it from Bloomberg who is pulling it from the servicers. Presumably if you had access to one of the servicers reporting portals you could pull it but you\u2019d need to own a CMBS tranche to get in. Some of the banks will have all of the trusts available for view, but candidly I never knew if that was an error on their part or it was open access once you\u2019re in the club. If it is open access I guess you could start pulling data but it would be a beast going through all of the monthly remittance reports for each of the gazillion (I think that\u2019s a technical term) trusts they are MS on.\n\nAlso RCA has a relatively recent CMBS portal; I can\u2019t speak to whether it\u2019s useful or not though as I have a Trepp subscription and a terminal.", "replies": [], "depth": 1}, {"id": "gdjpuzr", "text": "DBRSViewpoint", "replies": [{"id": "gdkzs89", "text": "I just screwed around on DBRS, a lot of the data isn\u2019t correct - just looked at a bunch of pools that I know really while it does have the correct balances, the drill down data and servicer commentary is just wrong. Also doesn\u2019t have data on UPB for the classes. I guess as like high level research on a property it\u2019s helpful but doesn\u2019t seem that useful for CMBS investing. I guess that being said if you\u2019re buying CMBS you probably have Trepp and Bloomberg anyways so I guess it\u2019s not a bad free tool if you\u2019re just looking for treetops data?", "replies": [{"id": "gdlabar", "text": "DBRS Presents itself differently than what you\u2019re thinking and some of the information is outdated but there\u2019s a reason it\u2019s free. DBRS does not rate all of the deals and the services commentary is often incorrect unless the deal goes into special.\n\nIf you\u2019re in CMBS you\u2019re only using it to find comps. BB and trepp are the primary tools besides the offering docs and term sheets. DBRS is pretty reliable when looking for certain types of deals.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "gdohid0", "text": "It is for Multifamily agency loans. Restrictions on how you use it, but the database is out there on their websites.\n\nAs others have mentioned Commercial property/CMBS data is generally coming from Bloomberg and aggregators or servicing data.", "replies": [{"id": "gdqhg4l", "text": "What's the source for MF?", "replies": [{"id": "gdzlvxr", "text": "It's available on the gse websites if you search for it.", "replies": [], "depth": 3}, {"id": "ge6p1bz", "text": "Freddie -  [Multifamily Securities Investor Access (fm-msia.com)](https://fm-msia.com/) \n\nFannie -  [Home | Fannie Mae DUS Disclose](https://mfdusdisclose.fanniemae.com/#/home) \n\nYou should be able to access their data using those links.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "go1fpwn", "text": "It is not, they get it from trustees, US Bank, BNY Mellon etc.\n\nTrustees get it from services.\n\nNone of this data is standard, trepp/Intex/bloomberg they standardize the data and sell it.\n\nnot sure if they pay to trustees, should be. \n\nif you are just looking for data, costar might be a better place to go to.", "replies": [], "depth": 1}]