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MBA Comments on FSOC’s Proposed SIFI Designation Guidance
The Mortgage Bankers Association commented on the Financial Stability Oversight Council’s proposed revision to its guidance related to the designation of non-bank financial companies as systemically important financial institutions, as well as the proposed analytic framework FSOC would use to examine potential risks to the financial stability of the United States.
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Existing Home Sales Fall 3.3% in June
The National Association of Realtors, Chicago, reported existing home sales dropped 3.3% in June from May to a seasonally adjusted annual rate of 4.16 million. Sales were down 18.9% compared with June 2022.
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Dealmaker: Slate Asset Management Closes $27M Senior Loan Facility for Oakland Multifamily Property
Slate Asset Management, Toronto, announced its unit Slate Real Estate Capital closed a $27 million senior loan facility provided to a private investor for the financing of Lantana Uptown, a multifamily residential property in Oakland, Calif.