Subprime Mortgages Keep Minting Cash for Ex-Bear Stearns Banker

Bloomberg, Nov. 11, 2019–Josh SaulSubprime mortgages may have wreaked havoc on the U.S. economy over the past decade, but they have been very good to Tom Marano.https://www.bloomberg.com/news/articles/2019-11-11/subprime-mortgages-keep-minting-cash-for-ex-bear-stearns-banker

HUD Promotes Former CFPB Official Criticized for Blog Posts

National Mortgage News, Nov. 8, 2019–Hannah Lang (subscription)Eric Blankenstein, a former official at the Consumer Financial Protection Bureau whose racially charged blog posts sparked controversy, has been promoted to acting …

Accessory Units Gain Traction

UExpress, Nov. 8, 2019–Lew SichelmanFor the uninitiated, ADUs are basically small houses or apartments that are built on the same lot as a larger single-family house. They can take the …

Climate Change Could End Mortgages as We Know Them

CBS News, Nov. 8, 2019–Irina IvanovaClimate change could punch a hole through the financial system by making 30-year home mortgages–the lifeblood of the American housing market–effectively unobtainable in entire regions …

Save on FedEx Shipping through MBA Member Advantage Program

Through the MBA Member Advantage Program, you can save up to 29 percent on small package shipping with FedEx. https://www.mba.org/members/member-resources/member-advantage-program?utm_source=Informz&utm_medium=Email&utm_campaign=mba.org&_zs=o2eVM1&_zl=I4M64

MBA Advocacy Update

Last Friday, MBA President and CEO Bob Broeksmit, CMB, attended a White House meeting chaired by HUD Secretary Ben Carson and attended by other senior administration officials and key industry stakeholders to discuss housing affordability. And on Monday, the Federal Housing Finance Agency announced it is seeking comment on pooling practices for Fannie Mae and Freddie Mac in the Uniform Mortgage-Backed Securities market.

Apply Now for MBA Path to Diversity Scholarship Program

The Path to Diversity Scholarship Program recognizes existing industry professionals who are seeking to advance their careers through continuing education. Recipients receive a voucher to cover course registration fees, up …