Because FHA is more important than ever, MBA believes it is essential that FHA must have up-to-date resources, risk management tools, and business practices to meet current and future challenges. The Council on the Future of FHA (CFF) will be chaired by Daniel Crockett, President, CEO & Chairman of Franklin American Mortgage Company of Franklin, TN.

“Currently insuring upward of 30 percent of today’s loan volume, the FHA is an indispensible part of today’s mortgage market,” said Robert E. Story, Jr., CMB, Chairman of the Mortgage Bankers Association.  “Ensuring a strong FHA has long been a top priority for MBA.  Lenders need a healthy FHA more than ever if we are going to sustain this housing recovery.” 
 
The council will be comprised of a small group of leaders in the mortgage banking industry, with representatives from large and small companies.  MBA has also retained the consulting services of the Collingwood Group to assist in this project.  Managing Directors of the Collingwood Group include former Ginnie Mae president, Joe Murin and former FHA Commissioner, Brian Montgomery. 

“During the recent run up in business, the folks at FHA have done an incredible job given the limited resources at their disposal,” said Council Chairman Dan Crockett.  “Our members want to help ensure that FHA can effectively manage the risks that come with the increased business the agency is seeing.  As a strong advocate of FHA and its mission, MBA wants to take proactive steps to ensure the safety and soundness of the agency today and in the future.”   

Members of the Council on the Future of the FHA:

Dan Crockett (Chairman), Franklin American Mortgage Company
Gary Acosta, Prado Mortgage
Les Bedford, Seattle Financial Group
Mark Beisler, Red Mortgage Capital
Clint Bonkowski, Quicken Loans
Phillip W. Bracken, CMB, Wells Fargo Home Mortgage
James G. Carter, SunTrust Mortgage
Henry V. Cunningham, Jr., CMB, Cunningham & Company
James H. Danis, II, CMB, Residential Mortgage Corp.
Robert F. Eustis, CMB, Eustis Mortgage 
Robert Gaither, Bank of America
Bill Griffin, Lender Processing Services
David C. Gunn, CMB, Fifth Third Mortgage
Marie Head, Prudential Huntoon Paige
Mark Hillis, CitiMortgage
Stewart Larsen, CMB, Bank of the West
Rodrigo Lopez, CMB, AmeriiSphere Multifamily Finance
David B. Lowman, Chase
Noel McGarvey, Pulte Mortgage
Denis McLaughlin, PNC Financial Group
Michael McQuiggan, Tri-Emerald Financial Group
Joseph M. Meyer, HSBC
Doug Scheunemann, CMB, U.S. Bank Home Mortgage
Robert V. Sivori, MetLife Home Loans
G. Todd White, CMB, Arvest Mortgage Company

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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 2,200 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.