Fannie Mae-No Politics (FNMA)

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Short Takes: MBA CEO Dave Stevens Announces Retirement
The Search for a Successor Begins Now
MBA Bullish on Purchase Lending, Refis Not So Much
All Hail Peyton

By Brandon Ivey, Paul Muolo ... [e-mail], [e-mail]



Dave Stevens, who helped revive the fortunes of the Mortgage Bankers Association, announced his retirement from the trade group Wednesday morning. But Stevens – who’s been battling cancer – will not depart until September of next year. In a statement, he noted: “With my cancer in remission, focusing on family, friends and staying healthy is my priority. This was a difficult decision; it’s hard to walk away from supporting an industry that shaped my career. It’s been an honor to work with the talented staff, strong leadership and diverse membership of the MBA.” The trade group is wrapping up its annual convention, being held in Denver this year…

MBA noted that the search for a replacement has already begun. The search committee is being chaired by MBA immediate past Chairman Rodrigo Lopez and includes 12 volunteer members…

Mortgage originations will decrease by 5.4 percent to $1.60 trillion in 2018 compared with total originations this year, according to a new forecast from MBA. The trade group expects refinance volume to decline by 28.3 percent and purchase-mortgage originations to increase 7.3 percent…

Peyton Manning appeared to be the most popular speaker at the convention. It was standing room only as the former star quarterback discussed leadership and other issues. But there was no mention of what a lousy year the New York Giants are having. His brother Eli is the quarterback there. The Giants are 1 and 6.