ORLANDO, FLA. - The Mortgage Bankers Association launched the new Council to Shape Change at its 92nd Annual Convention & Expo 2005 held here last week. The new group is meant to be a think tank composed of leaders in real estate finance.
Newly elected MBA Chairman Regina Lowrie announced the formation of this group at the conference's opening general session. She said that the Council will be "made up of the most accomplished leaders in our industry, they will imagine what the industry will be like in five, 10, even 15 years from now, what role MBA will play in that future, and even more exciting, what MBA will do today to shape that future." She added that whatever the new Council outlines would serve as the MBA's "next strategic plan."
The Council, which will be moderated by an independent facilitator, will hold up to six monthly meetings where discussions would focus on topics such as changing borrower profiles, capital markets and investor demand, and the impact of technology. The group of 15 to 20 members would compile a set of recommendations that it will submit to the MBA Board of Directors next year. Council participants will be announced in November.
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