Engaging with Lenders at the MBA Annual
Next week the Mortgage Bankers Association (MBA) is hosting its 102nd Annual Convention & Expo, the biggest event of the year for mortgage lenders and many housing market participants. As in prior years, I look forward to engaging with our customers and other industry leaders while hearing more about the opportunities we have to further support their businesses.
With more than 250 planned meetings, Fannie Mae will be well represented and well prepared to showcase the work we are doing to make it more simple and certain for our customers to transact business with us. This convention also provides an opportunity to support our partnership with the MBA. We will host several engagements with the leaders of this important organization and provide speakers and panelists during the convention, including Tim's participation at A Conversation with GSE Leadership.
I am proud of the partnership we have established with the MBA. While we don’t always agree on every issue, we are committed to constructive dialogue that leads to positive outcomes for the industry and consumers.
In one example, Fannie Mae worked with a group of MBA lenders on our representation and warranty framework. We announced changes last November to provide greater transparency to lenders. Our new framework is responsive to industry concerns about repurchase requests, and aims to give lenders greater certainty in the loans they originate. Ultimately, our goal is to encourage lenders to make mortgage credit available to additional creditworthy borrowers. And, the changes we announced earlier this month to further enhance clarity, were the result of listening to lenders and delivering solutions that meet their business needs.
Finally, the MBA Annual Convention & Expo provides a valuable opportunity for Fannie Mae to share new innovation and solutions for lenders and the housing market. We plan to actively promote our suite of industry leading technology solutions - including Desktop Underwriter®, Collateral Underwriter™ and Early Check™. We will demonstrate our commitment to expanding access to credit though the use of Home Ready, our 97 LTV program and Community Seconds. We will share new applications designed to make it easier to do business with us by leveraging new committing platforms for Cash and MBS along with the rollout of our newest generation of our Loan Delivery platform. We will also be soliciting feedback and listening carefully for additional opportunities.
We look forward to discussing these items and more with our customers at the MBA Annual Convention & Expo as we work to be America's most valued housing partner. Fannie Mae appreciates the partnership we have with the MBA and our customers. Together, we are achieving tangible outcomes that benefit the housing system.
Senior Vice President, Head of Customer Engagement
October 16, 2015