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Mortgage Bankers Going After Global Markets

ORLANDO-More consolidations and greater risk-taking face the industry, said James M. Murphy, chairman of the 2,800-member, Washington, DC-based Mortgage Bankers Association of America, at the 12th annual, commercial real estate finance/multifamily housing convention at the Walt Disney World Dolphin Hotel.

By By Alex Finkelstein | Updated on February 05, 2002

ORLANDO-The robust, $73.8 billion mortgage banking industry, coming off a record transaction year in 2001, will be targeting global market niches as it faces new lending risks and company consolidations.

That’s the instant outlook James M. Murphy, chairman of the 2,800-member Mortgage Bankers Association of America, presented to 4,000 attendees Monday (Feb. 4) at the opening of the 12th annual, four-day commercial real estate finance/multifamily housing convention at the Walt Disney World Dolphin Hotel.

The convention is the largest of its kind in the nation, Murphy said.

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