Success Stories in IMB Multicultural Lending

AUSTIN–IMB leaders always look for new ways to be the lender of choice for fast-growing demographic markets. Two independent mortgage bankers spoke at MBA’s IMB conference to share their multicultural lending success stories and discuss strategies that produce measurable results.

Broeksmit: Big Challenges, Big Opportunities

AUSTIN–The last few years have seen big challenges for mortgage bankers: COVID, market disruptions, inflation, and high interest rates to name a few. But there are many opportunities for mortgage bankers to be part of something that will benefit our industry and our customers, according to MBA President and CEO Bob Broeksmit, CMB.

Quote: Jan. 30, 2024

“I was very intentional when writing the book of putting the steps to homeownership right inside the book. It’s outlined step by step, so any child can understand. And adults obviously can see that roadmap to homeownership.”
–Twala Lockett-Jones, discussing her illustrated children’s book, Princess Mackie Buys a House, at MBA’s Independent Mortgage Bankers conference last week

Realtor Litigation and the Implications for IMBs: #MBAIMB24

NEW ORLEANS–A recent court verdict and related litigation concerning the National Association of Realtors’ Multiple Listing Service rules regarding buyer real estate agent compensation could have significant implications for homebuyers and buy-side real estate agents–the primary source of referral business for most IMBs.

Quote: Jan. 29, 2024

“MBA and its members have long called for enacting tax provisions that address our nation’s housing affordability crisis and the acute shortage of homes for owning and renting. We support this bill, particularly for its meaningful enhancements to the Low Income Housing Tax Credit that will produce an estimated 200,000 additional rental units over the next two years.”
–MBA President & CEO, Bob Broeksmit, CMB, from a “Call to Action” urging Mortgage Action Alliance members to support H.R. 7024, the bipartisan Tax Relief for American Families and Workers Act of 2024.