MBA Newslinks Archive

“Kathy Kraninger an intelligent, experienced administrator who has worked on a broad range of complex, high-profile issues over the course of her career. We look forward to working with her and anticipate she will continue the Bureau’s efforts to protect consumers by providing financial institutions clear and understandable regulations accompanied by appropriate compliance and implementation requirements.”–MBA President and CEO Robert Broeksmit, CMB, on Senate approval of Kathy Kraninger as Director of the Consumer Financial Protection Bureau.

“The supply of credit continues to drift higher, driven once again by growth in the conventional credit space, while credit supply in government loans was essentially unchanged from the previous month. There were more mortgage programs offered with high LTV and low credit score characteristics–likely attributable to rising demand from first-time buyers.” –Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.

“Rising prices and interest rates have reduced home buyer activity and led to a gradual slowing in appreciation. October’s mortgage rates were the highest in seven and a half years, eroding buyer affordability.”–Frank Nothaft, chief economist for CoreLogic, Irvine, Calif.

“Commercial and multifamily mortgage delinquency rates are extremely low right now. The delinquency rate for loans held on bank balance sheets set a new series low, and delinquency rates for loans held by life companies or guaranteed by Fannie Mae and Freddie Mac are all below 10 basis points.”–MBA Vice President for Commercial Real Estate Research Jamie Woodwell.

“The stock-market fluctuations that began last quarter likely caused some uncertainty among wealthy individuals, which has made luxury buyers more sensitive to price.”–Redfin Chief Economist Daryl Fairweather.

“We know that 2019 is going to be a tough year. This represents a great opportunity for people in the real estate finance industry to challenge their companies on diversity and inclusion, because the landscape is shifting now. They can separate themselves from the pack now on D&I.”–J. Tony Thompson III, CMB, AMP, Vice President of Growth & Strategy with Silverton Mortgage Specialists, Atlanta, and founder of the National Association of Minority Mortgage Bankers of America (NAMMBA).

“Diversity and inclusion is not a hobby. You have to think of this as a business decision, that it’s right and it’s good. The end result will be success, if you’re intentional.”–Susan Stewart, 2019 MBA Vice Chairman and CEO of SWBC Mortgage, San Antonio.

“The increase in conforming loan limits results from continued strengthening in home prices and a strong demand for housing coupled with constraints on supply.” –Mortgage Bankers Association President and CEO Robert Broeksmit, CMB.

“Mr. Bright’s prior experience, in the private sector and in public service, gives him a broad understanding of capital markets and the housing industry. As a former Capitol Hill staffer, Mr. Bright understands the policy issues affecting Ginnie Mae as well as the mortgage and financial markets. His broad finance background makes him an ideal candidate to lead Ginnie Mae.”–From an MBA/trade group letter urging the Senate to approve Michael Bright’s nomination as Ginnie Mae President.

“The increase in conforming loan limits results from continued strengthening in home prices and a strong demand for housing coupled with constraints on supply.” –Mortgage Bankers Association President and CEO Robert Broeksmit, CMB.