Thomas Kim firstname.lastname@example.org
Five Financial Services Agencies Issue Joint Statement Reaffirming the Role of Supervisory Guidance
Last Tuesday, the Board of Governors of the Federal Reserve System, Bureau of Consumer Financial Protection, Federal Deposit Insurance Corporation, National Credit Union Administration and Office of Comptroller of the Currency issued a joint statement outlining the role of supervisory guidance for regulated institutions.
Unlike a law or regulation, supervisory guidance does not have the force and effect of law and the agencies do not take enforcement actions based on supervisory guidance. Rather, supervisory guidance outlines the agencies' supervisory expectations or priorities and articulates the agencies' general views regarding appropriate practices for a given subject area." MBA has long advocated against enforcement actions based only on regulatory guidance rather than on laws or regulations, as well as regulation through enforcement. For additional information, contact Bruce Oliver at email@example.com.
Senate Confirms Charles Retting as IRS Commissioner
Last Wednesday the Senate confirmed Charles Retting to be IRS Commissioner by a vote of 64-33. Retting previously served as a partner at the Beverly Hills tax law firm of Hochman, Salkin, Rettig, Toscher & Perez, P.C. Retting arrives at a time where the IRS and Treasury Department is working to release and finalize a number of rules resulting from the Tax Cuts and Jobs Act passed last year, including pending proposed rules on the pass-through deduction. For additional information, contact Bruce Oliver at firstname.lastname@example.org.
CREF19 Registration Open
Registration is open for MBA's 2019 Commercial Real Estate Finance/Multifamily Housing Convention & Expo, taking place at the Manchester Grand Hyatt in San Diego February 10-13, 2019. Register before November 1 and receive an early registration discount. In addition, MBA members 35 years or younger are eligible to receive a substantial discount on registration for CREF19. For more information or to register, visit MBA's website.
MBA Education Accepting Applications for the 2019 Commercial/Multifamily Future Leaders Program
MBA Education is now accepting applications for the 2019 Commercial/Multifamily Future Leaders program. This executive leadership development program delivers a comprehensive curriculum for selected managers who have shown leadership interests and abilities. Participants enhance their skills through three hands-on sessions geared toward customized assessments of leadership skills and their strategic application; business analysis and problem solving; and experiential learning through collaboration, networking and peer group interaction. New this year is an optional executive coaching program add-on with Future Leaders instructor Sam Davis. This coaching add-on includes six one-on-one sessions over a six-month period tailored to the specific business goals and development needs of the individual. Apply online at http://www.mba.org/futureleaders.
MBA Education's Commercial Loan Origination Sales Training Workshop
Join MBA Education in New York City on September 18 and 19 for a hands-on workshop designed to help individuals acquire the skills needed to be effective and productive in commercial real estate sales. Attendees will be exposed to the origination process including how the origination process works, who the players are and their roles in origination. To register for this workshop, click here. For more information, contact Laura Vanegas at LVanegas@mba.org.
MBA Education's Webinar on Commercial Insurance Compliance
Join MBA Education on October 18 for an overview on the latest with commercial/multifamily insurance compliance. This webinar will detail the best practices to be followed in order to satisfy the various constituencies in this sector. Each capital source has their own unique set of insurance requirements, and even though each lender (with minor exceptions) requires the same set of insurance policies, each entity has their own perspective as to what is important about each coverage part. This seminar will put a framework around the high level differences between the various GSE's insurance requirements. To register for this webinar, click here. For more information, contact Laura Vanegas at LVanegas@mba.org.
MBA Education's Underwriting Retail and Valuation Course
Join MBA Education starting on September 20 for our live online and instructor led course introducing the lending process for retail properties, with a focus on the underwriting component. Beginning with an exploration of the capital sources available for retail financing, students will review of the types of retail and then be introduced to the cash flow analysis including how rents and expenses are derived. To register for this course, click here. For more information, contact Gail Griffith at GGriffith@mba.org.
CREF Connects NYC Event October 30th at Hudson Yards
MBA is hosting an after work event on October 30 at Hudson Yards in New York City. Join MBA staff and your peers for an exclusive evening at Hudson Yards. Enjoy appetizers and drinks while you take in spectacular views from the Hudson Yards Experience Center. For more information contact Andrew Foster email@example.com or click here to RSVP.
mPact Fall Fundraising Events Announced in DC and Chicago
mPact is hosting four networking events in the upcoming months to raise awareness and funds for the MBA Opens Doors Foundation which provides mortgage and rental assistance to families caring for a critically ill or injured child. These events are exclusively for individuals looking to make a difference in the world around them while engaging and reconnecting with peers and MBA staff.
In WASHINGTON, DC: Nationals vs. Mets Game on September 20 at Mission Navy Yard, 1221 Van St SE, Washington, DC 20003. Happy Hour: 5:00 PM | Game: 7:05 PM
Tickets: Purchase a ticket for $50 and 100% will go to Opens Doors. Purchase online and present your receipt at happy hour to get your game ticket. Cover: $5 suggested donation online or at the door. For more information contact Rita Kelly or click here to RSVP.
In CHICAGO: Happy Hour at Lagunitas Brewery Tap Room on October 30 from 5:30 PM - 8:30 PM at 2607 West 17th Street, Chicago, IL 60608. Cover: $10 suggested donation online or at the door. Contact: Jeff Staffeldt or click here to RSVP.