Mark A. Jones on LinkedIn: I am in New York preparing for what promises to be a very enlightening… (2024)

The Mortgage Bankers Association Secondary and Capital Markets Conference got off to a great start this morning. I was super impressed by how sharp Margaret Brennan is on almost every topic from U.S. politics, the election, and world geopolitics, including the Middle East, Russia, China, and their ramifications.I also enjoyed my conversation with Acting HUD Secretary Adrianne Todman. I was really pleased when she brought up one of my key initiatives, the 203K program. It's great to know that she understands the importance of this vital program and is looking for ways to enhance it.In our discussion with Fed Vice Chair Philip Jefferson, Michael Fratantoni and I asked questions about the Fed's use of its balance sheet, the direction of interest rates, and how the Fed was looking at inflation. I was very pleased to hear that the Fed is taking a steady as-she-goes approach to interest rates. While we would all love to see lower rates sooner,a steady-hand approach should create a longer-term benefit, which will make for a more enduring recovery when it gets here.

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Excellent rant from Greg Sher!

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MBA President and CEO Bob Broeksmit, CMB,Takes Aim at Basel III, Overregulation; Calls for a "National Housing Director" in Exchequer Club Speech Bravo!! Robert Broeksmit from Mortgage Bankers Association. This is exactly the kind of push back needed to help reduce the regulatory red tape that pushes up the cost of homeownership….and really harms affordability for first time homebuyers

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Jeffrey Weidell, Chairman of the Mortgage Bankers Association Commercial Board of Governors testified in front of the Congressional Oversight committee yesterday about the state of the commercial finance market … and he crushed it. Thanks for representing our membership so well!

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“Context Matters” Big shoutout to Pete Mills and the Mortgage Bankers Association for their steadfast advocacy and balanced perspective on the recent CFPB press release regarding mortgage servicing. It's essential to acknowledge the industry's dedication to helping families navigate homeownership challenges, as Pete Mills eloquently points out. Let's continue working together to uphold consumer confidence and promote fair practices in the mortgage market. #ConsumerAdvocacy #MortgageIndustryLeadership"

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Thanks to Mortgage Bankers Association's dedicated advocacy on this important issue, Fannie Mae and Freddie Mac (GSEs) each released notices that confirmed that their policies will continue to exclude seller or listing agent payment of buyer agents’ commission from interested party contributions (IPCs). Read more:https://lnkd.in/gsvR-WEM

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🎉 Proud to share Mortgage Bankers Association’s President and CEO Robert Broeksmit’s insightful critique of the CFPB's recent plan. His remarks highlight a crucial aspect: understanding the intricate dynamics of the mortgage market. The CFPB's proposal showcases a concerning disconnect from existing regulations and the market's operational realities. As Bob aptly points out, title insurance plays a pivotal role in safeguarding homebuyers, ensuring clear property titles, and mitigating risks. Mortgage lenders, grappling with continuous financial strains, cannot shoulder additional burdens without repercussions. Transparency is paramount, and borrowers are already well-informed about title costs, thanks to CFPB's own regulations. Kudos to Bob for advocating for clarity and practicality in regulatory measures! #MortgageMarketInsights #RegulatoryClarity #CFPBCritiquehttps://lnkd.in/euRDRUat

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If you were not able to register for the National Housing Conference'sSolutions for Housing Communications event last week, here is the closing session with Diana Olick, Edward Brady, myself,and Robert Pinnegar. It's worth watching this informative discussion about the realities of today's housing market and what the future may hold. #HOUSINGCOMMS24https://lnkd.in/gnybjcst

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Thank you to Bill Wood and WGNO ABC26 for telling the story, "Princess Mackie Buys a House." Bill came with us to a book reading at a local school by Author Twala Lockett-Jones when Mortgage Bankers Association held its Independent Mortgage Bankers conference in New Orleans. This wonderful book hopes to inspire our youth to become home owners. Please watch and share!https://lnkd.in/guYipBGm

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