Articles Tagged with ''MBA''

MBA Calls for More Direct Industry Voice in Disclosure Reform

The Mortgage Bankers Association (MBA) has called on the Consumer Financial Protection Bureau (CFPB) to alter the evaluation process of proposed mortgage disclosure reforms and provide industry participants a more direct method for contributing to the process. In a letter to Elizabeth Warren, Special Assistant to the Treasury Secretary in charge of setting up the CFPB, MBA Senior Vice President Stephen O'Connor expressed support for the bureau's effort, but noted that the expedited second round for comments on the revised draft proposals was insufficient to provide meaningful feedback.  He suggests that the CFPB meet directly with the MBA, industry
Read More

Stevens Begins New Tenure at Conference Opening

As the new president and CEO of the Mortgage Bankers Association (MBA), former FHA Commissioner David Stevens opened the organization's "National Secondary Market Conference" by expressing confidence in the housing market.  Believing that housing is a basic human need, he said that this creates the opportunity for the industry to achieve greatness.   Acknowledging that there are still challenges ahead, Stevens noted some key metrics that support positive trends.  Delinquencies and foreclosures, although still high, are trending downward.  Total delinquencies have now settled back to pre-recession levels from their peak in 2009.  A majority of states, 39, have foreclosure
Read More