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The Mortgage Bankers Association, the trade group that represents the mortgage industry, and that most of us pay a decent sum to belong to (we don’t by the way), has sent out a letter to its members letting them know that the MBA has their back. Here’s a snip, and you can read the rest of the letter on the OC Register’s Mortgage blog.
As your national trade association, MBA is working hard to respond swiftly, thoughtfully and strategically to tell the complete story and develop workable solutions that will help avoid overly prescriptive legislative and regulatory responses. Yet the scope and magnitude of these events is at an unprecedented level.
It will be interesting to hear what they say when us in the industry start to take the legal shellacking that is just around the corner.
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