The Lede

Top National News

Meet Your New MBA President and CEO: Robert Broeksmit
National Mortgage Professional, Oct. 15, 2018--Rick GrantWe sat down with MBA President and CEO Robert Broeksmit to find out more about what he brings to this position and where he hopes to lead the mortgage business from here.
Full Story
CFPB to Define ‘Abusive’ Acts by Financial Firms
Wall Street Journal, Oct. 15, 2015--Yuka Hayashi (subscription)Mick Mulvaney, the Consumer Financial Protection Bureau's acting director, said Monday the bureau is working on a regulation defining how it views unfair, deceptive or abusive acts or practices, known as UDAAP. (MBA mention)
Full Story
Wells Fargo Protestors Disrupt MBA Annual 2018
HousingWire, Oct. 15, 2018--Caroline BasileA relatively quiet day at the Mortgage Bankers Association's annual convention was disrupted by dozens of Wells Fargo protestors. The protestors descended upon the main lobby and concourse of the Walter E. Washington Convention Center for nearly 10 minutes on late Monday afternoon.
Full Story
Mnuchin’s Top Housing Advisor Says GSE Charters Should be Removed
HousingWire, Oct. 15, 2018--Ben LaneCraig Phillips, Department of the Treasury Secretary Steven Mnuchin's top housing advisor, told the crowd at the Mortgage Bankers Association 2018 Annual Conference in Washington, D.C., on Monday that the Trump administration is working to end the conservatorship of Fannie Mae and Freddie Mac.
Full Story
Reducing Gap Between FHA, Conventional Market is Priority: Montgomery
National Mortgage News, Oct. 15, 2018--Hannah Lang (subscription)FHA is planning to streamline its single-family loan servicing requirements in order to align them with industry standards. These efforts are part of the Trump administration's objective to ease regulatory burdens, said FHA Commissioner Brian Montgomery during a speech at the Mortgage Bankers Association's annual conference Monday.
Full Story
Yellen Defends Fed Against Trump Attacks
CNN, Oct. 15, 2018--Lydia DePillisSpeaking to the annual Mortgage Bankers Association convention here, former Federal Reserve Chair Janet Yellen said she has confidence in her Trump-appointed successor, Jerome Powell, and that she didn't believe Trump's comments last week describing recent moves to raise interest rates as "loco" would impact Fed policy.
Full Story
Record BofA Pre-Tax Earnings as Home Lending Drops
Mortgage Daily, Oct. 15, 2018Bank of America's third-quarter income before income taxes climbed to $9.0 billion from $7.6 billion during the same three months in 2017, according to earnings data released Monday.
Full Story

Residential Finance News

Commercial/Multifamily News

MBA News

MBA Honors Rich Bennion with Woodward Distinguished Service Award
WASHINGTON, D.C.--The Mortgage Bankers Association honored Rich Bennion, Executive Vice President of HomeStreet Inc., and HomeStreet Bank, Seattle, with its Andrew D. Woodward Distinguished Service Award.
Full Story
MBA Honors Rich Bennion with Woodward Distinguished Service Award
WASHINGTON, D.C.--The Mortgage Bankers Association honored Rich Bennion, Executive Vice President of HomeStreet Inc., and HomeStreet Bank, Seattle, with its Andrew D. Woodward Distinguished Service Award.
Full Story
MBA Honors Rich Bennion with Woodward Distinguished Service Award
WASHINGTON, D.C.--The Mortgage Bankers Association honored Rich Bennion, Executive Vice President of HomeStreet Inc., and HomeStreet Bank, Seattle, with its Andrew D. Woodward Distinguished Service Award.
Full Story
Today at #MBAAnnual18
WASHINGTON, D.C.--The Mortgage Bankers Association's Annual Convention & Expo continues today, Oct. 16, with a full slate of sessions and activities.
Full Story