BREAKING NEWS
MBA Chairman Kristy Fercho Hits the Ground Running; Outgoing MBA Chairman Susan Stewart Reflects on a Most Unusual Year
SAN DIEGO—Kristy Fercho has achieved a lot of “firsts” in her lifetime—the first Black woman to lead a major U.S. mortgage operation (at Flagstar Bank); the first Black woman to run the mortgage operations at Wells Fargo; and, as of Sunday, the first Black woman to serve as Chairman of the Mortgage Bankers Association. Her legacy, she says, will be to ensure that she is not the last such person.
SAN DIEGO—For the first time in two years, the Mortgage Bankers Association is holding a live Annual Convention & Expo. And MBA President & CEO Bob Broeksmit, CMB, had a message for the nearly 3,500 in attendance.
SAN DIEGO—Of the 106 men and women who have served as Chairman of the Mortgage Bankers Association, Susan Stewart’s term was likely the most unusual.
SAN DIEGO—Mortgage Bankers Association Chairman Kristy Fercho on Monday announced the Home for All Pledge, an MBA member company action pledge to promote minority homeownership, affordable rental housing and company diversity, equity and inclusion.
SAN DIEGO—MBA Annual21, the Mortgage Bankers Association’s Annual Convention & Expo, continues Tuesday with a full slate of keynote addresses, general sessions, breakout sessions and special events.
SAN DIEGO—The Mortgage Bankers Association swore in Kristy Fercho, Executive Vice President and Head of Home Lending with Wells Fargo, as MBA 2022 Chairman on Sunday during the association’s 2021 Annual Convention & Expo.
SAN DIEGO—The Mortgage Bankers Association on Sunday swore in its Board of Directors for the 2022 membership year at its 2021 Annual Convention & Expo.
SAN DIEGO—The Mortgage Bankers Association announced members of its 2022 Residential Board of Governors (RESBOG) and chairs of its Residential Committees.
SAN DIEGO--The Mortgage Bankers Association said purchase mortgage originations are expected to grow 9% to a record $1.725 trillion in 2022.
The U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey (JOLTS) data for August continues to show that many employers are running into difficulty re-hiring and filling open positions.
We must remember to encourage people to buy homes they can afford and educate them on the costs that go with owning a home. That includes advising consumers not to borrow as much money as they possibly can, lest they become “house poor” and miss out on being able to create a more financially secure future for themselves and their families.
The pandemic was a major lesson that taught businesses to stay prepared for the uncertain future. So, let’s get into the minds and hearts of the lenders and borrowers, and identify which factors could help sustain the lending business in the coming decade.
