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Article: Seeing a Need for Industry Coordination.(At The MBA)
- Article from:
- National Mortgage News
- Article date:
- October 12, 2009
CopyrightCOPYRIGHT 2009 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Bonnie Sinnock
SAN DIEGO-Efforts to coordinate market participants and the creation of an industry "code of conduct" are among things that William DiPaolo, chief executive officer of Cogent Road here, would like to see discussed at the Mortgage Bankers Association's annual meeting when it is held in his "hometown" this year.
"We see a need for originators and the industry as a whole to work more efficiently with each other," he said.
Mr. DiPaolo also noted that he also has been concerned that consumers have come to see market participants as "falling away from a true code of conduct."
The latter, he said, has "caused ... some ...