AUSTIN, TEXAS–HUD and the Department of Justice today signed a memorandum of understanding outlining “prudent” guidance for False Claims Act violations, a move that analysts said could help eliminate uncertainty in FHA lending and provide incentives for private market lending in government lending programs.
Category: News and Trends
Broeksmit: For Mortgage Industry, a Year of Results, Challenges
AUSTIN, TEXAS–Mortgage Bankers Association President & CEO Robert Broeksmit, CMB, delivered opening remarks to attendees here at the MBA Annual Convention & Expo that focused on a number of MBA accomplishments over the past year, as well as a list of challenges still facing the real estate finance industry.
Brian Stoffers, CMB, Takes Helm as MBA Chairman
AUSTIN, TEXAS–Like many people attending the Mortgage Bankers Association’s Annual Convention & Expo here, Brian Stoffers, CMB, never intended to become a mortgage banker.
MBA Elects 2020 Board of Directors
AUSTIN, TEXAS–The Mortgage Bankers Association swore in its Board of Directors for the 2020 membership year here at the association’s 2019 Annual Convention & Expo.
MBA Appoints 2020 Governors, Committee Chairs
AUSTIN, TEXAS–The Mortgage Bankers Association announced members of its Residential Board of Governors (RESBOG), Commercial Real Estate/Multifamily Finance Board of Governors (COMBOG) and chairs of its Residential Committee for 2020.
Brian Stoffers, CMB, Sworn in as 2020 MBA Chairman; Susan Stewart Sworn in as Chairman-Elect, Kristy Fercho as Vice Chairman
AUSTIN, TEXAS–Brian Stoffers, CMB, Global President of Debt & Structured Finance with CBRE, Houston was sworn in yesterday as 2020 Chairman of the Mortgage Bankers Association here during the association’s 2019 Annual Convention & Expo.
Residential Briefs
OnCourse Learning, Brookfield, Wis., and Dale Vermillion’s Mortgage Champions announced a partnership to combine their licensing, compliance continuing education and sales training offerings into a service designed to help lenders develop and retain top talent in today’s competitive mortgage marketplace.
The Week Ahead
AUSTIN, TEXAS–MBA NewsLink comes to you this week here from the Mortgage Bankers Association’s Annual Convention & Expo at the Austin Convention Center.
MBA Advocacy Update
This past Tuesday, the House Financial Services Committee held a hearing, The End of Affordable Housing? A Review of the Trump Administration’s Plans to Change Housing Finance in America, with testimony provided by Treasury Secretary Steven Mnuchin, HUD Secretary Ben Carson and FHFA Director Mark Calabria.
MBA Chart of the Week: MBA Builder Applications Survey vs. Census New Home Sales
According to data from the MBA Builder Applications Survey, new home purchase activity fell in September but remained higher than a year ago, continuing a trend where purchase demand for new homes for sale this year have consistently outpaced year ago levels.