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.

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.

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.