News - May 21, 2019
FOR IMMEDIATE RELEASE
Contact: Debbie Sousa
Massachusetts Mortgage Bankers Association
The Massachusetts Mortgage Bankers Association Hosts Affordable Lending Summit
Boston, Mass. – Tuesday, May 21, 2019 - The Massachusetts Mortgage Bankers Association (MMBA), the largest mortgage association in New England, announces it hosted an Affordable Lending Summit on May 16 at Webster Federal Credit Union in Worcester, MA. The Summit provided lending institutions with insight and information to help increase LMI Lending to meet the needs of its consumers.
“The Summit was a great opportunity for loan originators, processors, underwriters, senior managers and CRA Officers to learn about the changing demographics of home borrowers and how they can increase their reach to first-time and low-to-moderate homebuyers,” said Debbie Sousa, Executive Director of the MMBA. “We were honored to have Massachusetts’ new Banking Commissioner Mary Gallagher and Undersecretary Ed Palleschi at the Summit to greet the more than 90 attendees.”
The half-day program featured speakers from Fannie Mae, Freddie Mac, FHLB Boston, Massachusetts Housing Partnership, MassHousing and NeighborWorks® SOUTHERN MASS who provided attendees with updates and changes to Affordable Housing programs and down payment assistance. In an exciting move, MassHousing announced there is a new and improved down payment assistance program coming soon and lenders should be on the lookout for the official announcement.
About the Massachusetts Mortgage Bankers Association
Founded in 1976, the Massachusetts Mortgage Bankers Association (MMBA) is the largest mortgage association in New England and is recognized as one of the most successful in the country. The MMBA’s more than 225 corporate members include lending institutions (banks, credit unions, mortgage lenders and mortgage brokers) and ancillary companies that facilitate mortgage transactions throughout the state. The MMBA serves as a trusted commentator and advocate on public policy and provides educational training and networking opportunities for its members. For more information, visit www.massmba.com.