Described as a “fierce advocate for mortgage lenders and their customers.”
The Mortgage Bankers Association announced that Mark Jones, CEO and co-founder of Amerifirst Home Mortgage, has been nominated to serve as MBA's vice chairman for the 2022 membership year. He is expected to be installed at the association's 108th Annual Convention in San Diego in October, according to a press release.
Mark Jones, CEO of Amerifirst Home Mortgage
“Mark is a fierce advocate for mortgage lenders and their customers, and I am pleased to welcome him to MBA's leadership ladder,” said Susan Stewart, MBA's 2021 chairman, and CEO of SWBC Mortgage. “He is an industry trailblazer and a valuable voice for sustainable, affordable housing and communities across the country, making him a terrific fit to lead MBA and its members.”
Jones is an active MBA member who currently serves as chair of the Audit Committee and is a member of the IMB Executive Committee (which he previously co-chaired), the State Relations Committee, the Rural Housing Working Group, and the MORPAC Committee. He was also a member of MBA's 2019-2020 Board of Directors.
Jones co-founded Amerifirst Home Mortgage in 1983, and has overseen the company's growth from a single site in Kalamazoo, MI, to more than 80 locations and 900 employees across the country. Amerifirst is the No. 1 USDA rural housing lender and No. 3 FHA lender in Michigan, and manages a $6 billion servicing portfolio, according to the MBA.
He is an industry leader and advocates in Washington, D.C. and Amerifirst’s home state of Michigan on a number of issues facing mortgage lenders. Jones was named Ernst & Young’s Entrepreneur of the Year for Michigan and Northwest Ohio in 2016 and serves on the Board of Directors for Southwest Michigan First, an economic development organization in Southwest Michigan.
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This is a contribution from Reverse Engineering Finance.
The second half of the year typically sees significant jumps in FHA mortgage delinquencies/serious delinquencies. This starts with the June data and indeed, there is such a jump this June.
GNMA June MBS data drop...
