Hello All,

Last December, when I took on the role of President of the Minnesota Mortgage Association, I had no idea what was in store for 2020. It has been an incredible year. The Covid-19 pandemic has changed all of our lives. A year of mask mandates, social distancing, business lockdowns, school closings, financial market turmoil, and working remotely (just to name a few) have changed the way we live and work. Throw in a dash of civil unrest, social justice reform, and a politically charged and contested presidential election, and that adds up to one crazy year…

Hello all,

After a long counting process we finally have a new President Elect. The new Biden-Harris administration will have several effects on our industry. We will likely see a change at the top of the CFPB. The Biden platform includes a potential tax credit for first time home buyers. It is also unlikely that Fannie and Freddie will come out of conservatorship under a Biden Presidency. The MMA will keep you updated as changes to our industry evolve in the upcoming administration.

Stay safe and healthy.

Roger Kadlec
President