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Task Force for a Future Secondary Mortgage Market Formed by the MBA

This past week the Mortgage Bankers Association (MBA) announced the 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.

The members of this Task Force are made up of 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. 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," said Lopez.

In addition to Lopez, members of the Task Force for a Future Secondary Mortgage Market include:

    David Battany, Guild Mortgage Company
    Scott Bassin, PNC Real Estate
    Jon Baymiller, NYCB Mortgage Company, 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 Company, LLC
    Denise DesRosiers, JP Morgan Chase
    Peter Donovan, CBRE Capital Markets
    David Durning, Prudential Mortgage Capital Company
    Tari Flannery, M&T Realty Capital Corporation
    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 Corporation
    Julie Piepho, Cornerstone Home Lending, Inc.
    Pat Sinks, Mortgage Guaranty Insurance Corporation (MGIC)
    Debra Still, Pulte Mortgage LLC
    Bob Stout, Q10 Capital, LLC

Source: http://www.worldpropertyjournal.com/real-estate-news/united-states/task-force-for-a-future-secondary-mortgage-market-rodrigo-lopez-david-battany-scott-bassin-jon-baymiller-teresa-bryce-bazemore-keith-bickel-pete-carroll-denise-desrosiers-peter-donovan-9753.php