That's the instant outlook James M. Murphy, chairman of the 2,800-member Mortgage Bankers Association of America, presented to 4,000 attendees Monday (Feb. 4) at the opening of the 12th annual, four-day commercial real estate finance/multifamily housing convention at the Walt Disney World Dolphin Hotel.
The convention is the largest of its kind in the nation, Murphy said.
"We have pinpointed a new area of business opportunity upon which we will focus this year--international markets," the banker said. Murphy is chairman/CEO of Boston-based New England Realty Resources LLC.
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