Good morning and happy Monday! Welcome to another breathtaking week in the mortgage and political worlds. It’s 39 days until Election Day.
Category: News and Trends

MBA LIVE: Virtual Annual Convention & Expo Oct. 19-21; Early Registration Deadline Sept. 30
MBA is gearing up for its first-ever virtual Annual Convention & Expo. Taking place October 19-21 via MBA LIVE, attendees can connect whenever they want, from wherever they want.

MBA Advocacy Update
Federal Reserve Chairman Jay Powell and Treasury Secretary Steven Mnuchin testified before House and Senate committees regarding the government’s response to the COVID-19 pandemic. On Tuesday, the Federal Housing Finance Agency published its strategic plan for the years 2021 through 2024, highlighting the agency’s ongoing efforts to reform the GSEs and improve its own internal operations.

Quote
“Working from home reduced the importance of home and office proximity, and people are increasingly leaving urban centers for more affordable and spacious locations for families and home offices.”
–From a Fitch Ratings report on long-term consequences of the coronavirus pandemic on U.S. commercial real estate.

Industry Briefs Sept. 28, 2020
Real estate entrepreneurs Brown Harris Stevens, New York, launched a customized, personalized and hyperlocal digital advertising strategy with Adwerx.

Chris Joles: Collaboration in Risk
Today’s financial services risk managers face two recurring issues. First, our work makes some people feel defensive; and second, we have to analyze complex business lines and correctly identify the right issues to focus upon.

MBA Education Path to Diversity Scholar Profile: Christa Thomas
(One of a continuing series of profiles of participants in the MBA Education Path to Diversity (P2D) Scholarship Program, which enables employees from diverse backgrounds to advance their professional growth and career development.)

A Movement, Not a Moment: MBA Kicks Off CREF Diversity, Inclusion and Equity Campaign
The Mortgage Bankers Association is uniquely positioned to help our members and the commercial real estate finance industry address long-standing issues of social justice and inclusion as the premier trade association representing real estate finance.

MBA Advocacy Spurs Crackdown on Deceptive VA Loan Marketing
The settlements signal a remarkable effort by the Consumer Financial Protection Bureau to hold lenders accountable for their dealings with the nation’s veterans—and the culmination of advocacy by the Mortgage Bankers Association to protect earned benefits for servicemembers, veterans and surviving spouses.

Industry Briefs Sept. 25, 2020
Real estate entrepreneurs Brown Harris Stevens, New York, launched a customized, personalized and hyperlocal digital advertising strategy with Adwerx.