The Mortgage Bankers Association’s annual convention begins today in Boston.

More than 4,000 lenders are expected to gather for an event that in previous years has been known for its lavish parties. But this year there is expected to be some belt-tightening in evidence.

Registration is down 25 percent, according to organization president Jonathan Kempner.

Countrywide Financial Corp., Wells Fargo & Co , JPMorgan Chase & Co’s Chase Home Mortgage and WaMu have all sharply trimmed registrants …

Despite massive layoffs at Country Financial Corp., the company will sponsor keynote speaker Bono, the U2 front man, known for his work among the poor in Africa.

He will share a time slot with U.S. Housing and Urban Development Secretary Alphonso Jackson, whose agency is trying to soften the impact of the credit crisis low-income home owners.

Mortgage Bankers Convention Slims Down – Al Yoon, Reuters, by way of Realtor.org

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Updated: 1st Q 2018

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