National Secondary Market Conference

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Stevens Begins New Tenure at Conference Opening

May 04, 2011By

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

3d rendering of a row of luxury townhouses along a street

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