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8 Things to Look for at #MBAAnnual18
National Mortgage News, Oct. 12, 2018--Paul Centopani (free article)Mortgage industry members are congregating in Washington from Oct. 14-17 for the 2018 Mortgage Bankers Association Annual Convention & Expo to get forward-facing perspective on hot-button issues.
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Mulvaney Tries to Stem Internal Backlash Over Official
National Mortgage Professional, Oct. 12, 2018--Phil HallMick Mulvaney, the Acting Director of the Consumer Financial Protection Bureau, is continuing to push back against complaints from within his agency regarding an official who was revealed to be the author of anonymous blog postings in 2004 that many considered to be racially insensitive.
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Wells Fargo Mortgage Originations Tumble Amid Rising Interest Rates
HousingWire, Oct. 12, 2018--Ben LaneWells Fargo reported Friday that it originated $46 billion in mortgages in the third quarter, down 22% from last year's total of $59 billion during the same period.
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JPMorgan’s 3Q Offers Glimpse of Big Questions Facing Banking
American Banker, Oct. 12, 2018--Kristin Broughton (subscription)The upbeat third quarter at JPMorgan Chase--including a 9% gain in net interest income to a company record $13.9 billion--was a timely confidence booster for investors worried about the ill effects of rising interest rates and bankers concerned about persistent sluggishness in loan demand.
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New MBA CEO Robert Broeksmit is Ready to Be the Lender’s Advocate
National Mortgage News, Oct. 14, 2018--Austin Kilgore (free article)After 30 years in mortgage finance, Robert Broeksmit has established a reputation for being meticulous, an exceptional communicator and a thoughtful leader. The industry veteran will need all those qualities in his new role as president and chief executive officer of the Mortgage Bankers Association.
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With ‘Changing of the Guard’ in D.C., New MBA Chair Eyes Borrower of the Future
National Mortgage News, Oct. 14, 2018--Paul Centopani (free article)It's a critical time in Washington, with many key institutions in the mortgage and housing industries getting new leaders. At the Mortgage Bankers Association, which itself welcomes a new CEO and its annual board of directors' rotation, there's a renewed focus on maintaining effective influence with decision makers on initiatives like housing finance reform, innovation and diversity.
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Monday Morning Cup of Coffee: Everything on Offer at MBA Annual
HousingWire, Oct. 15, 2018--Jacob GaffneyToday, it's all hands on deck at the Mortgage Bankers Association annual convention in Washington D.C.
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An Uncompromising Jeb Hensarling is Not Sorry
American Banker, Oct. 14, 2018--Neil Haggerty (subscription)During his tenure, House Financial Services Committee Chairman Jeb Hensarling has attempted to undo the Dodd-Frank Act, eliminate the mortgage giants Fannie Mae and Freddie Mac, severely weaken the Consumer Financial Protection Bureau's authority and overhaul the National Flood Insurance Program. He says even if his uncompromising proposals weren't likely to become law, they were still worth pursuing.
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Today at #MBAAnnual18
WASHINGTON, D.C.--The Mortgage Bankers Association's Annual Convention & Expo begins in earnest this morning with a full slate of general sessions and concurrent sessions and networking activities.
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