Colorado Business Bank, Denver, has announced the formation of a Real Estate Capital Markets Group.The group will be led by executive vice president Craig Poulter and senior vice president Kathy Thurston, who have a combined 40 years of experience in real estate banking, according to the bank. The group will develop a "comprehensive capital markets product offering and platform," including mezzanine debt, and will establish a loan syndications desk, the bank said. Mr. Poulter was most recently group senior manager for the Western Region office of LaSalle Bank, and Ms. Thurston was most recently division head of LaSalle Bank's Western Region office. Colorado Business Bank can be found online at http://www.cobizinc.com.
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The Bureau of Economic Analysis' personal consumption expenditures inflation report for May showed that inflation had risen 4.1%, meeting elevated expectations and casting further doubt on the prospects of near-term interest rate cuts from the Federal Reserve.
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Critics of the OCC's broad preemption stance say the OCC is resurrecting an approach Congress curtailed after the financial crisis, setting up another Supreme Court test over the balance between federal banking powers and state consumer protections.
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There's broad support for the effort to reduce costs and processes, but the Appraisal Institute warns about reducing property valuation quality control checks.
June 24 -
Foundation had introduced Version 3 of its credit risk model, using the most recent delinquency data, to improve loan performance predictions.
June 24 -
Fannie Mae's conservator is supporting the government-sponsored enterprise's test within certain boundaries, according to a recent social media post.
June 24 -
The Senate Banking Committee is slated to consider Christopher Phelen to be the chair of the Council of Economic Advisers on Thursday. Phelen has said in past academic papers that fractional reserve banking is "highly problematic."
June 24











