MBA Debuts Broeksmit Blog
Mortgage Bankers Association President and CEO Robert Broeksmit, CMB, debuted his initial blog entry this week.
“To the Point with Bob,” will explore key industry topics of particular interest to MBA members. The inaugural entry, The Important Role of Non-Bank Lenders, discusses the role of independent mortgage bankers in the broader mortgage marketplace.
“IMBs play an important role helping first-time homebuyers secure financing, and are the leading lenders in FHA-, VA-, and USDA-backed lending,” Broeksmit writes. “While that’s typically been true in these programs, as banks have pulled back from government-supported programs for buyers in recent years, IMBs have met the demand from that important sector of the market, and their share has increased further as a result. Their role in real estate finance is vital.”
Broeksmit notes while we don’t know what the future holds as rates rise and our industry landscape begins to change, “What we do know is that IMBs continue to play a critical role in our housing finance system, and that the regulations and standards that govern them have never been stronger. There has never been a more important time for our IMB members to engage with MBA to ensure that policymakers understand and embrace this important market segment.”
The blog can be accessed at https://2thepoint.blog/2018/10/08/the-important-role-of-non-bank-lenders/.
