The Mortgage Bankers Association today swore in Susan Stewart as its 2021 Chair; Kristy Fercho as Chair-Elect; and Matt Rocco as Vice Chair at its virtual 2020 Annual Convention & Expo.
Category: News and Trends

MBA Annual20: Schedule at a Glance
Here is an easy reference schedule for the next two days of the MBA Annual Convention & Expo.

Join the Radian Everyday Heroes Challenge, Benefiting the MBA Opens Doors Foundation
This year, as part of the MBA Annual Convention & Expo and ConcertMBA, Radian has launched the Radian Everyday Heroes Challenge, which celebrates the heroes among us who are making a positive impact, while also supporting the MBA Opens Doors Foundation.

October Home Builder Confidence Marks 3rd Straight Record High
Builder confidence in the market for newly built single-family homes increased to record levels for the third consecutive month, the National Association of Home Builders reported yesterday.

Bob Broeksmit, CMB: ‘We Came Through When It Mattered Most’
In his keynote address on Oct. 19, MBA President & CEO Robert Broeksmit, CMB, discusses the remarkable events of the past year.

Susan Stewart Takes Charge as MBA 2021 Chair
Susan Stewart has worked in mortgage banking since she was 24. She has grown SWBC Mortgage, San Antonio, Texas, from a small regional bank with three employees in 1989 to a full-service origination-to-servicing organization with 70 branches serving 43 states with 680 employees.

Brian Stoffers, CMB, Reflects on Year as MBA Chairman
Brian Stoffers, CMB, served as Chairman of the Mortgage Bankers Association during perhaps the most interesting year in its history—not that he or anyone else planned it that way.

Dealmaker: Marcus & Millichap Brokers $77M in Property Sales
Marcus & Millichap, Calabasas, Calif., brokered the sale of a five-story, 123-room hostel in downtown San Francisco. The building sold for $19 million.

MBA: Share of Mortgage Loans in Forbearance Falls to 5.92%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 40 basis points to 5.92% of servicers’ portfolio volume as of October 11, from 6.32% the prior week. MBA now estimates 3.0 million homeowners are in forbearance plans.

Quote
“MBA was made for times of crisis. This is when our hard work of building relationships really pays off.”
–MBA President & CEO Robert Broeksmit, CMB.