SAN DIEGO—Few people have had more impact off the bat than HUD Secretary Marcia Fudge and Federal Housing Finance Agency Acting Director Sandra Thompson.
Category: News and Trends
Terry Aikin, CMB®, AMP, Presented with CMB Society’s Rosser Lifetime Achievement Award
SAN DIEGO—The Certified Mortgage Bankers (CMB) Society presented Terry Aikin, CMB®, AMP, Managing Director at Mortgage Guaranty Insurance Corp., with its E. Michael Rosser, CMB, MBA Education Lifetime Achievement Award.
MBA Forecast: 2022 Purchase Originations to Increase 9% to Record $1.7 Trillion
SAN DIEGO–The Mortgage Bankers Association said purchase mortgage originations are expected to grow 9% to a record $1.725 trillion in 2022.
HUD, FHFA Heads Zero in On Housing Affordability, Appraisals
SAN DIEGO—Few people have had more impact off the bat than HUD Secretary Marcia Fudge and Federal Housing Finance Agency Acting Director Sandra Thompson.
Rajesh Bhat of Roostify: When Will the Mortgage Industry be Truly Automated?
The mortgage industry has been moving towards automation, but still has a long and complex road ahead. Rajesh Bhat, Co-Founder and CEO of Roostify, offers his perspective on what steps lenders can take today to better prepare themselves for the journey, and the destination.
MBA Announces 2021 Diversity, Equity & Inclusion Residential Leadership Award Winners
SAN DIEGO—The Mortgage Bankers Association recognized five companies as 2021 Diversity, Equity and Inclusion (DEI) Residential Leadership Award recipients at its 2021 Annual Convention & Expo.
MBA Launches Member Action Pledge to Promote Minority Homeownership, Affordable Rental Housing DEI
SAN DIEGO—Mortgage Bankers Association Chairman Kristy Fercho on Monday announced the Home for All Pledge, an MBA member company action pledge to promote minority homeownership, affordable rental housing and company diversity, equity and inclusion.
MBA Chairman Kristy Fercho Hits the Ground Running
SAN DIEGO—Kristy Fercho has achieved a lot of “firsts” in her lifetime—the first Black woman to lead a major U.S. mortgage operation (at Flagstar Bank); the first Black woman to run the mortgage operations at Wells Fargo; and, as of Sunday, the first Black woman to serve as Chairman of the Mortgage Bankers Association. Her legacy, she says, will be to ensure that she is not the last such person.
‘Together Again’—and Not a Moment Too Soon
SAN DIEGO—For the first time in two years, the Mortgage Bankers Association is holding a live Annual Convention & Expo. And MBA President & CEO Bob Broeksmit, CMB, had a message for the nearly 3,500 in attendance.
September New Home Purchase Mortgage Applications Down 16.2%
Mortgage applications for new home purchases decreased 16.2 percent from a year ago, the Mortgage Bankers Association reported Tuesday in its September Builder Applications Survey. From August, applications decreased by 4 percent.