MBA Newslinks Archive

“The CFPB takes a broad view of what a ‘service provider’ is. They expect that you are making sure they are doing what they’re supposed to do correctly.”–Jeffrey Naimon, Partner with BuckleySander LLP, Washington, D.C.

“You have undergone intense scrutiny, including from within your own ranks, to diagnose what happened. So the bottom line is that we have come a long way in a short time. The tasks were immense, and they created real strain, both on your end and on ours. But the mortgage market is now in much better shape because of all our joint efforts. And we remain open-minded, in constant listening mode, about how we can identify further improvements as we move forward together.”–Consumer Financial Protection Bureau Director Richard Cordray.

“When we drive a car, the rear view mirror is small, but the windshield is wide open. As an industry, where we have been is important. We do not want to forget the lessons we have learned and the progress we have made in the recent past, but the important work is in the opportunities that lie ahead.”–MBA Chairman Rodrigo Lopez, CMB.

“Strong household formation coupled with further job growth, rising wages and continuing home price appreciation will drive strong growth in purchase originations in the coming years. This comes in context of a strong job market. We see a lot of positive demographics–household formation is picking up and will continue to do so in coming years.”–MBA Chief Economist Mike Fratantoni.

“Each passing meeting with inaction from the Fed casts further doubt about how much fixed-income investments will improve over the short term. Therefore, the attractiveness of single-family rentals is getting amplified.”–Steve Hovland, research director with HomeUnion, Irvine, Calif.

“Rules should be clear; accountability should be rational. Credit, including private capital, must be accessible.”–MBA President and CEO David Stevens, CMB.

“While the Federal Reserve Bank will likely increase interest rates later this year, rates would have to turn sharply higher to push the rent vs. buy decision towards renting. Nationally and in the 100 largest markets, rising home prices are more likely to have an impact on homebuyers’ bottom line than increasing rates.”–Ralph McLaughlin, chief economist with Trulia, San Francisco.

“Multifamily mortgage borrowing and lending set a new record in 2015. Demand for mortgages was driven by strong property fundamentals, increasing property values, a robust transaction market and low interest rates.”
–MBA Vice President of Commercial Real Estate Research Jamie Woodwell.

“mPower is designed to recognize and promote the rise of women in the real estate finance industry, as well as the overall workforce. Our goal is to provide information, events and a networking platform to help women maximize their overall potential.” –MBA Chief Operating Officer Marcia Davies.

“From the beginning, collaboration has been key to MISMO’s mission to serve the mortgage industry. MISMO Connect builds upon this tradition of collaboration by providing a rich, interactive environment where MISMO members can discuss ideas, share resources and receive up-to-the-minute information on MISMO workgroup activities.” –Jan Davis, Vice President of MISMO.