(One in a continuing series of profiles of Premier Members of the Mortgage Bankers Association.)
Category: News and Trends
Quote: Oct. 17, 2023
“The number of loans in forbearance dropped in September, but the overall performance of servicing portfolios and loan workouts declined slightly.”
–Marina Walsh, CMB, MBA Vice President of Industry Analysis.
MBA: Share of Mortgage Loans in Forbearance Decreases to 0.31% in September
The Mortgage Bankers Association’s monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 2 basis points from 0.33% of servicers’ portfolio volume in the prior month to 0.31% as of September 30, 2023.
Leadership Advice Takes Center Stage With Carla Harris at mPowering You
PHILADELPHIA–Lessons, reflections and advice on leadership were in welcome demand when Carla Harris took the stage at the mPowering You Summit for Women in Real Estate Finance here Oct. 14.
Industry Briefs Oct. 17, 2023
Industry news from National MI, TRUE, Forta Solutions, Truv and nCino.
MBA Announces Board of Governors and Committee Chairs for 2024
PHILADELPHIA–The Mortgage Bankers Association announced the members of its Residential Board of Governors (RESBOG), Commercial Real Estate/Multifamily Finance Board of Governors (COMBOG), and the respective chairs for each committee in 2024.
MBA Chairman Mark Jones: This is a Fight We’re Going to Win
PHILADELPHIA–Mark Jones, 2024 MBA Chairman and President of Union Home Mortgage, told MBA 2023 Annual Convention and Expo attendees the mortgage industry is fighting one heck of a battle. “But make no mistake: This is a fight we’re going to win,” he said.
Quote: Oct. 16, 2023 Afternoon Edition
“It’s simple. No more interest rate hikes.
No selling MBS holdings until spreads have normalized and the market has stabilized.
And we don’t just want to see these things.
We want the Fed to SAY these things, for all to hear.
You deserve clarity, not more chaos.”
–MBA President and CEO Robert Broeksmit, CMB, speaking at MBA Annual
MBA Elects 2024 Board of Directors
PHILADELPHIA–The Mortgage Bankers Association swore in its Board of Directors for the 2024 membership year here at MBA’s 2023 Annual Convention & Expo. The Board of Directors will be chaired by Mark Jones, President at Union Home Mortgage.
MBA President and CEO Bob Broeksmit, CMB, Addresses the Industry
PHILADELPHIA–MBA President and CEO Bob Broeksmit, CMB, delivered the following remarks at MBA’s 2023 Annual Convention and Expo.