home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News


Mortgage News

HOT Topics









site map

twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to MortgageDaily.com and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from MortgageDaily.com.

Mortgage News Reprints
Put entire MortgageDaily.com stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed MortgageDaily.com stories free on your Web site or for your RSS reader.

News Archives
Archive of MortgageDaily.com stories by month going back to 1999.

Press Releases
Reports and announcements from MortgageDaily.com.

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

Commercial Mortgage News | CRE Lender Directory | CRE Statistics
Stories about commercial lending on multifamily, office, retail and industrial properties.

Commercial Mortgage Bankers Meet in San Diego

MBA holds annual CREF conference

February 4, 2003


San Diego, Calif. -- In light of recent bad business practices, it is dangerous for regulatory bodies to react with vigilant, restrictive legislation that ultimately would be "harmful to local economies, harmful for the continuing creation of prosperous neighborhoods," said John A. Courson, chairman of the Mortgage Bankers Association of America (MBA), at the Commercial Real Estate Finance/Multifamily Housing Convention & Expo (CREF) on Monday. "We are keeping an eye on such backlash."

Courson's cautionary remarks, which run parallel to industry agitation over the Georgia Fair Lending Act, preceded the speech of William S. Cohen, keynote speaker and U.S. secretary of defense during the Clinton administration. Ann Hambly, chair of MBA's Commercial Real Estate/Multifamily Finance Board of Governors, gave introductory remarks.

At the CREF opening general session, Courson warned those in the commercial housing sector that negative public perception could be as damaging as a sticky-finger scandal like those in 2002.

"The recent failure of proper oversight from board of directors and big accounting firms can easily result in even more sectors [being] painted with the same brush as the evil CEOs," he said. "It would be easy for commercial real estate development to fall prey to this syndrome, for people to view it as big money that runs counter to the needs and wants of little people."

The reality is that commercial real estate helps create vital neighborhoods in which all people can thrive, he said.

After Hambly's introduction and a patriotic video salute featuring post-Sept. 11 resiliency and Lee Greenwood's "I'm Proud to be an American," Cohen took the podium before roughly one-quarter of the 4,000 expected for the convention.

Cohen, a regular commentator on CNN and NBC, spoke exclusively on current geopolitical matters.

He said it is necessary to station U.S. troops in countries like South Korea because "nature abhors a vacuum," and powers such as China could fill the vacuum if the United States does not. Cohen said, "We may one day return to the Stone Age on the gleaming wings of science," a quote by Winston Churchill that Cohen used to support the preemption doctrine and the need to account for weapons of mass destruction.

The general session, titled "Perils and Promise of the New World," concluded with a question-and-answer time. The former secretary of defense was asked what Secretary of State Colin Powell will need to present to the United Nations in order to bring France and Germany on board in support of an attack on Iraq. Cohen said the United States damages its argument when it says it has intelligence of a connection between al-Qaeda and Iraq, then presents no evidence of that intelligence. However, the United States doesn't want to present evidence because it could jeopardize its intelligence sources, and it must find a way around that conundrum.

"We will stay the course in the struggle against terrorism," he said. "We have the gold standard of military capability."

CREF runs through Wednesday at the San Diego Convention Center.

Christy Robinson is the editor of MortgageDaily.com. She received a bachelor's degree in news-editorial journalism from The University of Texas at Arlington. Her work has previously been published in The Dallas Morning News.

email Christy at: [email protected]

Mortgage Conference News | Conference Calendar | Webinars
News about mortgage-related conferences and schedule of mortgage conferences,
mortgage Webinars and other mortgage events.
upcoming events: October | November | December | full calendar

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders