MCBC Mortgage Lending Committee Working Groups 2019

Question Title

1. I am interested in participating in an MCBC MLC Working Group.

Yes

Not at this time, please check back with me later in the year

Yes, but more information is needed, please contact me.

Question Title

2. Please rank the following topics in order of interest.

Homeownership production and preservation - potential topics of focus will include:

* Changing Patterns XXV report findings

* Shared equity programs- pros and cons; should they run with the people (mortgages) or the land (deed restrictions and covenants)?

* Utilizing CPA funds for downpayment assistance programs

* 5-20 unit housing production is conducive to homeownership, but what financing works best? FHA? Fannie Mae? City, state, and federal programs?

* Loan modifications and foreclosure prevention

* Cooperative structures

Mortgage lending underwriting trends and current debt conditions - potential topics of focus will include:

* Current underwriting standards and recent trends – credit scores (removal of judgments), DTI ratios, income treatment

* Ultra FICO

* Credit for the unbanked, such as Nova Credit

*HMDA data

Mortgage lending incentives and outreach initiatives -- potential topics of focus will include:

* How are homebuying and mortgage loan decisions influenced by real estate agents, social media, intergenerational wealth?

* Where do first time homebuyers get their information?

* How do compensation and bonus incentives for loan officers and realtors impact lending trends?

Question Title

3. Please indicate your availability to participate on a monthly basis.

less than 1 hour

1-3 hours

3-6 hours

Question Title

4. Please provide a few sentences on the reason for your interest in the working group efforts and what resources/perspective you hope to bring.

Question Title

5. Please provide your contact information below.

Name

Company

City/Town

State/Province

Email Address

Phone Number