MBA Newslinks Archive

“The appropriations bill is critical to providing FHA with resources, both in staffing and systems upgrades, it requires to maintain its important, countercyclical role as a government-backed mortgage insurer.”–MBA Senior Vice President of Legislative and Political Affairs Bill Killmer, on a Fiscal 2020 appropriations bill passed yesterday by a key House subcommittee.

“We should not be having a discussion over whether private capital is going to come back–private capital is back. We’re here; we’re making purchases; we’re making investments. The market is not going to suddenly one day see a trillion-dollar investment. It’s coming back slowly, and it should come back slowly, over time, the way all markets do.”–Matthew Tomiak, Managing Director of Structured Finance with Redwood Trust Inc., Denver.

“You have to be open to disruption. Because you are going to be disrupted, and you’re probably going to be disrupted from somewhere else.”–Economist Mohamed El-Erian.

“The Mortgage Bankers Association continues to be fully focused on housing finance reform. We’re pursuing every angle and pushing regulators and lawmakers to build on the progress that has already been made. More than 10 years after the financial crisis, we still believe housing finance reform is achievable.”–MBA President & CEO Robert Broeksmit, CMB, speaking yesterday at the MBA National Secondary Market Conference & Expo in New York.

“Information security awareness needs to be a core value of your organization. It must be supported by those in the corner office.” –Berkadia Chief Information Security Officer Thomas Dryden.

“Marianne has been a leader in our industry for more than three decades, and I can think of no better way to celebrate her contributions to the mortgage industry than by renaming our state and local leadership award in her name. The tremendous work she has done at the Ohio MBA has set a standard of excellence for state and local associations that has carried over across the country.”–MBA President and CEO Robert Broeksmit, CMB, announcing the Association renamed its state and local leadership award for Marianne Collins, retiring Executive Director and Chief Operating Officer of the Ohio Mortgage Bankers Association.

“Robotics, artificial intelligence, machine learning and all sorts of terms that had no relevance just a few years ago are driving business into new territories. Technology increases a company’s productivity and profitability by transforming how we interact and where we work.”–MBA Chairman-Elect Brian Stoffers, CMB.

“The national mortgage delinquency rate in the first quarter of 2019 was down on a year-over-year basis, which is another sign of a very strong economic environment, bolstered by low unemployment and rising wage growth. Moreover, the serious delinquency rate–the percentage of loans that are 90 days or more past due or in the process of foreclosure–dropped across all loan types from the previous quarter and a year ago to its lowest overall level since the second quarter of 2006.”–Marina Walsh, MBA Vice President of Industry Analysis.

“The new LDM provides a technology-agnostic view of the MISMO standards. Technology changes rapidly, as evidenced by our industry’s evolution towards supporting mobile applications to serve consumers. The new LDM ensures that MISMO will continue to help organizations communicate more efficiently, as new technologies are introduced and evolve.”–Richard Hill, Executive Vice President of MISMO and Vice President of Industry Technology with MBA, on a new MISMO logical data model.

“While a few investors have charged forward into the [Opportunity Zone] space, most have eagerly awaited the more complete guidance needed to invest before the close of 2019 in order to secure the maximum tax benefits from the program. This clarifying guidance should remove many of the barriers that have kept large pools of capital on the sidelines.”–JLL Senior Vice President Jonathan Paine.