MBA Launches Industry Think Tank, Council to Shape Change

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Title:	MBA Launches Industry Think Tank, Council to Shape Change
Source:	MBA
Date:	10/24/2005

MBA Launches Industry Think Tank, Council to Shape Change
WASHINGTON, DC (October 24, 2005) — During her first address as the Mortgage Bankers Association (MBA) chairman, Regina Lowrie, CMB, president of Gateway Funding Diversified Mortgage Services, today announced the formation of the Council to Shape Change, a think tank of real estate finance leaders. The goal of the Council is to develop a strategic framework that will guide industry and company planning and development for the next decade. “The last several years have been record years for this industry. The only thing we know for certain is that the future holds change in the U.S. and global economies and financial markets,” said Lowrie. “This Council will assemble leading strategic thinkers in our industry and draw upon broad input from industry practitioners and outside experts to discuss and map out the future of issues fundamental to the industry's future success.” The Council will come together for a series of up to six monthly meetings, which will be moderated by an independent outside facilitator to assure “non-partisan” discussions. The meetings will focus on: changing borrower profiles; the nature of the customer relationship and workforce diversity; credit decisions, who makes them and how; operational demands and capabilities; capital markets and investor demand; potential changes to industry organization and structure; technology's impact on these and other topics. The Council will consist of 15 to 20 industry leaders representing all aspects of the mortgage industry and based on position in the mortgage food chain, organization size, channel focus/presence, industry segment and organizational structure. Participants will be announced in November. This group will identify trends and conditions that will impact the future structure, scope, products and profitability of the real estate finance industry, and compile their recommendations in a report to the MBA Board of Directors in August 2006. “We are very excited about this endeavor, and look forward to developing a vision of the industry that will provide grounding for future decisions regarding business, policy and advocacy,” said Lowrie.
The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry, an industry that employs more than 500,000 people in virtually every community in the country. Headquartered in Washington, D.C., the association works to ensure the continued strength of the nation`s residential and commercial real estate markets; to expand homeownership and extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and fosters professional excellence among real estate finance employees through a wide range of educational programs and a variety of publications. Its membership of over 2,900 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, Wall Street conduits, life insurance companies and others in the mortgage lending field. For additional information, visit MBA`s Web site: www.mortgagebankers.org.

© 2005 Mortgage Bankers Association

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The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry, an industry that employs more than 280,000 people in virtually every community in the country. Headquartered in Washington, D.C., the association works to ensure the continued strength of the nation's residential and commercial real estate markets; to expand homeownership and extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and fosters professional excellence among real estate finance employees through a wide range of educational programs and a variety of publications. Its membership of over 2,400 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, Wall Street conduits, life insurance companies and others in the mortgage lending field. For additional information, visit MBA's Web site: www.mortgagebankers.org.