Breaking MBA Advocacy Update: CFPB Loses Key IMB Redlining Case
On Friday, a District Court in Chicago ruled in CFPB v. Townstone Financial Inc. and Barry Sturner that the Equal Credit Opportunity Act does not extend to prospective applicants under a plain language reading of the statute.
MBA Advocacy Update Feb. 6 2023
On Wednesday, President Joe Biden and House Speaker Kevin McCarthy (R-CA) began face-to-face debt ceiling discussions, with the latter expressing cautious optimism that the two sides can come to a deal to avoid the first-ever default on the nation’s debt obligations.
January Jobs Report Smashes Expectations
The labor market defied expectations of even the most skeptical forecasts in January, adding a remarkable 517,000 jobs, the Bureau of Labor Statistics reported Friday.
Green Street: Commercial Real Estate Fundamentals Healthy
Green Street, Newport Beach, Calif., reported commercial real estate fundamentals mostly proved healthy last year--except for the office sector--and will likely remain so through 2023.
MBA Chart of the Week Feb. 3, 2023: Multifamily Construction/Vacancies
At the end of this week, many of us will begin our annual migration to San Diego and to MBA’s Commercial/Multifamily Finance Convention & Expo (CREF23). There will be no lack of topics to discuss – from return to the office, to the return of retail, and interest in cap rates to interest rate caps.
