The Seattle-based law firm of Perkins Coie has opened an office in Dallas, Texas, and former Greenberg Traurig shareholder, Steven R. Smith, has joined the firm and will be partner in charge of the office. Smith will focus his practice on real estate workouts and lending, adding to the firm's growing national practice. The addition of Smith helps Perkins expand its representation of commercial mortgage-backed securities special servicer clients, many of which have offices in Dallas. Smith has experience working with defeasance transactions, assumptions, loan modifications, REMIC tax issues, pooling and servicing agreement compliance and review, foreclosure, bankruptcies, asset dispositions, litigation, and loan sales. Since 2005 the firm has added over 200 lateral attorneys in a variety of practice groups.
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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.
59m ago -
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.
3h ago -
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











