(RECAP: Citing the impending shift in the country’s demographics, the Mortgage Bankers Association is taking a leadership role in preparing the mortgage industry for the future. Bill Emerson, chairman-elect of the trade group, said the MBA wants to prepare the housing finance industry for the new normal of the future, which will be far different than the history of mortgage lending to this point. To that end, the MBA announced a partnership with the National Association of Hispanic Real Estate Professionals that will see the two organizations work together to advance NAHREP’s goal of advancing sustainable Hispanic homeownership and MBA’s goal of offering training and education to prospective and current mortgage professionals.)