MBA Newslinks Archive

“It is time for Congress as a whole, to speak up and demand that their colleagues allow for the NFIP to be extended prior to a lapse. The millions of homeowners, renters, small businesses, builders, real estate and insurance agents, lenders and taxpayers deserve nothing less.”–From an MBA/trade group letter to House and Senate leadership urging Congress to avoid letting the National Flood Insurance Program expire today.

“People are choosing from many different paths and reaching common life milestones at a wider age span than before, changing when they decide to purchase a home.” –Sherry Graziano, mortgage transformation officer with SunTrust, Atlanta.

“If the way you look and sound contradicts what you say, then people will not believe you. You have to display confidence, even when you don’t feel it. ‘Be yourself’ is the worst possible advice someone can give.”–Executive speech coach and media trainer Ruth Sherman, speaking at the mPower Luncheon last week at the MBA National Secondary Market Conference & Expo.

“The lowest unemployment rate in 50 years, combined with strong housing demand, have contributed to increasing rents across the country.”–CoreLogic Principal Economist Molly Boesel.

“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.