MBA Expects 1,500 Anti-Wall Street Protesters at Annual Convention

Mortgage & Real Estate

About 1,500 protesters are expected to picket the Mortgage Banker Association’s annual convention in Chicago Monday afternoon as part of the growing anti-Wall Street movement.

The MBA has learned of the pending demonstration and has hired additional security over and above the normal contingent of hotel staff and off-duty policemen to keep the picketers outside the Hyatt Regency hotel, where the three-day conference is being held.

Two years ago at the group’s annual convention in San Francisco, protestors gained entrance to the meeting with falsified media credentials and disrupted a session before being ushered off the stage. This year, the MBA is taking no chances that such an interruption will happen again.

“As long as we can keep them outside, they can protest all they like,” an MBA official told National Mortgage News.

Daily Briefing | Monday, October 10, 2011

  • MBA: ‘Let Us Regulate Ourselves’

    In the spirit of what he called “participatory regulation,” the de facto head of the Consumer Financial Protection Bureau invited the Mortgage Bankers Association to suggest which areas of housing finance need his agency’s immediate attention.

  • New MBA Chair Rallies the Troops in Chicago

    The new chairman of the Mortgage Bankers Association called on members of the industry’s widely diverse factions to pull together or face the prospect that others will control their destiny.

  • The Future of Non GSE Lending Is…

    The likely dominant product in a mortgage market without a government-backed guarantee will be a three- to five-year adjustable rate loan with a prepayment penalty, according to one industry official speaking at the Mortgage Bankers Association’s annual convention in Chicago.

  • U.S. Homeownership Rate Takes a Hit

    The U.S. homeownership rate fell to 65.1% in 2010, a 1.1% decline over the past decade and the largest drop on record since the Great Depression, according to new figures compiled by the U.S. Census Bureau.

  • Industry Vet Robbins to Build New Firm Under Bexil Banner

    John Robbins, the ageless former chairman of the Mortgage Bankers Association, is partnering with holding company Bexil Corp. to develop Bexil American Mortgage, a new residential lender that will focus on both retail and wholesale channels.

  • Genpact Buys Maker of Decisioning Software

    Genpact Ltd., Chicago, said Monday it has acquired High Performance Partners and its Quantum Mortgage Technology platform for an undisclosed amount.

  • Foreclosures Back in Overdrive in South Florida

    When it comes to repossessing property, it’s once again pedal to the metal for lenders in South Florida.

  • B of A Adds MortgageKeeper’s Home-Saving Database

    MortgageKeeper, the database that connects struggling homeowners with qualified local sources of assistance, has snagged another top tier servicer.

  • Cascade Hires Former Fifth Third Executive as CEO

    Cascade Bancorp in Bend, Ore., has hired former Fifth Third Bancorp executive Terry Zink to become its chief executive.

  • France Hikes Real Estate Capital Gains Tax

    While U.S. lawmakers wrestle with the tax advantages of homeownership, their counterparts in France are doing something about it.

Leave a Reply