SAN DIEGO—Few people have had more impact off the bat than HUD Secretary Marcia Fudge and Federal Housing Finance Agency Acting Director Sandra Thompson.

The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans in forbearance decreased by 34 basis points to 2.28% as of October 10.

Mortgage applications for new home purchases decreased 16.2 percent from a year ago, the Mortgage Bankers Association reported Tuesday in its September Builder Applications Survey. From August, applications decreased by 4 percent.

SAN DIEGO—The Certified Mortgage Bankers (CMB) Society presented Terry Aikin, CMB®, AMP, Managing Director at Mortgage Guaranty Insurance Corp., with its E. Michael Rosser, CMB, MBA Education Lifetime Achievement Award.

SAN DIEGO—MBA Education, the award-winning education division of the Mortgage Bankers Association, recognized 48 individuals who earned the Certified Mortgage Banker (CMB®) designation at a ceremony held during its 2021 Annual Convention & Expo.

JLL, Chicago, said the construction industry has weathered the past 18 months well by most measures, but challenges remain.

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–The Mortgage Bankers Association said purchase mortgage originations are expected to grow 9% to a record $1.725 trillion in 2022.