Underwriting Standards for Green Mortgage-Backed Securities

Mike Italiano, U.S. Green Building Council cofounder and current CEO of the Institute for Market Transformation to Sustainability, recently announced a new set of underwriting standards for investors interested in backing commercial green building projects.

The forthcoming standards are ANSI-approved and are the result of a four-year collaboration with Capital Markets Partnership, a coalition of banks, money managers, and governments. The partnership is also at work designing a securities product called “Sustainable Building Securities,” a bond that will be backed 100% by green mortgages. For more information, visit www.capitalmarketspartnership.com.

October 1, 2009

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