By Jann Swanson | Mortgage News Daily
In unusually personal prepared remarks, David H. Stevens, President and CEO of the Mortgage Bankers Association (MBA) told members gathered at the association’s Annual Convention and Expo in Boston that he has “been battling an aggressive, but treatable, cancer.” He went on to equate the necessity to work with others to accomplish that treatment to the task MBA has to work together to reset the housing agenda.
A home is more than the American Dream, he said. It is at the heart of every community and housing comprises about 18 percent of the gross domestic product, a steady source of hundreds of thousands of jobs, and it critical to the economic success of every single American. However, for the past 8 years the national housing policy has been shaped, not just by a crisis but a collapse.
