The winds of change blowing at MBA Annual
I’ve just returned from the MBA Annual Convention in Chicago. If you didn’t get a chance to attend, you missed quite an event! Here are a few observations I can share with you.
- Mortgage lenders–indeed, the entire industry–are more than a little nervous about what’s next. As in, what’s coming next from D.C.? Per usual, it’s the uncertainty that’s the biggest killer.
- As always, people are ready to work. I was a part of a number of meetings and sensed a definite sense of energy and determination. Standing pat will not be an option in 2013. It will be, as I’ve heard many times before, grow, shrink or merge. The potential for changing cap requirements and other new rules are driving lenders of all sizes to consider all options.
- The MBA itself delivered some tough talk. I’m not sure I agree with Mr. Stevens that we need a “super regulator” to regulate the super regulator regulating all of the other regulators, but I do certainly welcome any efforts to ensure that the voice of lenders is heard inside the Beltway.
Were you at the MBA? What did you hear and see?