The CME Group, formed by the merger of the Chicago Mercantile Exchange and the Chicago Board of Trade, has announced that S&P/GRA Commercial Real Estate Indices futures and options contracts will begin trading on the exchange on Oct. 28.The exchange said 10 quarterly cash-settled contracts based on property type and geography will be available, including a national composite index; indices on retail, office, apartment, and warehouse properties; and regional indices covering the Desert Mountain West, the Mid-Atlantic South, the Northeast, the Midwest, and the Pacific West. The exchange can be found online at http://www.cmegroup.com.
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Foundation had introduced Version 3 of its credit risk model, using the most recent delinquency data, to improve loan performance predictions.
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Fannie Mae's conservator is supporting the government-sponsored enterprise's test within certain boundaries, according to a recent social media post.
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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."
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The bureau said the move is intended to remove potentially confusing language with an upcoming revision to the Equal Credit Opportunity Act.
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President Donald Trump said he wouldn't sign the housing bill, which includes several riders aimed at helping community banks, until Congress passes the SAVE Act.
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