If industry participants came to the 2017 Mortgage Bankers Association’s annual convention seeking clarity and direction, they left with firm guidance in some areas, but ambiguity remained in others.
Surprise announcements bookended the convention. On the Friday afternoon before the show started, as many attendees were making their way to Denver, mortgage originators learned that a language preference question was being added to the new loan application.
Federal Housing Finance Agency Director Mel Watt spent a portion of his speech defending the decision.
And as people were making their way to Denver International Airport on Wednesday, the industry learned that David Stevens is stepping down as president and CEO next September.