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MBA Moves Ahead With Conference Despite Fears

WASHINGTON, DC-This association of mortgage finance companies plans to meet in Canada next month, despite recent terrorist attacks in New York and here. Many of the issues that now confront the industry because of the national tragedy will be discussed at the meeting.

By Marlon Millner | Updated on September 21, 2001

WASHINGTON, DC-The Mortgage Bankers Association of America said Thursday that it would still hold its national conference in Canada next month despite the fallout about travel and safety in the aftermath of terrorist attacks in New York and here last week. MBA will hold its annual convention October 14 through October 17 in Toronto. The association has 2,800 companies as members, representing a cross section of the real estate finance sector: mortgage brokers, commercial banks, thrifts, life insurance companies, and other firms. Many of these types of companies have been directly affected by the disaster and MBA hope to address some of their issues at next month’s meeting.

“Our convention can do a real service by offering our industry a central point to come together to grapple with the many business implications of our recent national tragedy,” said Jonathan Kempner, MBA chief operating officer. “Many of our member companies are now engaged in defining forbearance programs, sponsoring or joining disaster relief efforts in their own communities and trying to identify how they can provide the most valuable assistance to their customers in this tough time.”

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