MBA Creates Task Force for a Future Secondary Mortgage Market
The Mortgage Bankers Association announced creation of the Task Force for a Future Secondary Mortgage Market.
This Task Force was created with the objective of developing a proposal that will address the future of the secondary mortgage market, and in particular, an end-state model that can also fulfill an affordable housing/duty to serve mission. The Task Force anticipates completing this proposal by the end of the year.
Members of this Task Force comprise individuals from MBA member companies representing a broad cross-section of the residential and multifamily real estate finance industries, including entities of varying sizes and business models.
The Task Force will be chaired by Rodrigo Lopez, CMB, Executive Chairman of NorthMarq Capital Finance and Chairman-Elect of MBA.
“A strong, sound secondary mortgage market is paramount to the overall success of the real estate finance industry,” Lopez said. “That is why it is of the utmost importance that policymakers and stakeholders create a strong and stable system that ensures liquidity, affordable mortgage credit and serves consumers.”
Joining Lopez on the Task Force for a Future Secondary Mortgage Market:
–David Battany, Guild Mortgage Co.
–Scott Bassin, PNC Real Estate
–Jon Baymiller, NYCB Mortgage Co. LLC
–Teresa Bryce Bazemore, Radian Guaranty Inc.
–Keith Bickel, Bank of America Home Loans
–Byron Boston, Dynex Capital Inc.
–Jeff Bode, Mid America Mortgage Inc.
–Michael Bright, PennyMac Financial Services Inc.
–Pete Carroll, Quicken Loans Inc.
–Hank Cunningham, First Mortgage Co. LLC
–Denise DesRosiers, JPMorgan Chase
–Peter Donovan, CBRE Capital Markets
–David Durning, Prudential Mortgage Capital Co.
–Tari Flannery, M&T Realty Capital Corp.
–Raghu Kakumanu, Wells Fargo Home Mortgage
–Angela Mago, KeyBank Real Estate Capital
–Mike May, Cantor Commercial Real Estate
–Tom Millon, Capital Markets Cooperative LLC
–A.W. Pickel III, LeaderOne Financial Corp.
–Julie Piepho, Cornerstone Home Lending Inc.
–Pat Sinks, Mortgage Guaranty Insurance Corp.
–Debra Still, CMB, Pulte Mortgage LLC
–Bob Stout, Q10 Capital LLC
