The Supreme Court said it would consider the Consumer Financial Protection Bureau’s appeal of the Fifth Circuit Court of Appeals decision in CFSA v. CFPB – in connection to its Payday Lending Rule – over the constitutionality of the Bureau’s funding mechanism.
Category: News and Trends
Survey Finds CRE Executives Remain Optimistic
More than two-thirds of commercial real estate executives maintain a positive outlook despite the highest interest rate environment since 2007 and a looming recession, reported law firm Seyfarth Shaw LLP, Chicago.
MBA Chart of the Week March 3 2023–Tech Systems Employed by Commercial Real Estate Finance Firms
This week’s Chart of the Week presents findings from MBA’s CREF Technology Catalog, showing the areas in which firms are applying specific tech solutions. What is clear in looking at the industry is that CREF has always relied heavily on technology and does so more and more each year.
Dealmaker: Berkadia Arranges $113M to Refinance Miami Office Complex
Berkadia, New York, arranged $113 million to refinance Gateway at Wynwood, a 220,000-square-foot, Class A office and retail project in Miami’s Wynwood District.
Cheryl Lieber and Katie Caggiano of the MBA HR Professionals Networking Group
The Mortgage Bankers Association’s Human Resources Professionals Networking Group is an MBA member networking opportunity for HR heads, directors and managers of mortgage banking institutions or their designates.
Sponsored Content from WFG: Are You Taking Full Advantage of the Home Equity Lending Boom?
Let WFG Lender Services arm you with the tools you need to capture your share of this growing market.
MISMO Seeks Public Comment on Private-Label RMBS Specification and Implementation Guide
MISMO®, the real estate finance industry standards organization, seeks public comment on the Private-Label Residential Mortgage-Backed Securities (PL RMBS) Specification and Implementation Guide, which will facilitate electronic exchange of mortgage asset data to credit rating agencies.
The Week Ahead, Mar. 6, 2023: Mssrs. Powell, Chopra Visit Capitol Hill
Good morning and happy Monday. It’s a busy week in Washington, with Federal Reserve Chairman Jerome Powell and Consumer Financial Protection Bureau Director Rohit Chopra scheduled to testify before Congress. But first, here’s what else is happening this week:
Quote: Mar. 6, 2023
“The Fed’s action on interest rates may not be sufficiently slowing the greater economy, but it is definitely chilling transactional activity.”
–Paul Mattingly, Partner and Real Estate Department Chair with Seyfarth Shaw LLP, Chicago.
MBA Welcomes New Members
The Mortgage Bankers Association welcomed the following new members in January and February: