Broeksmit Comments on Announcement that Joseph Otting will be Named Acting Director of FHFA

Broeksmit Comments on Announcement that Joseph Otting will be Named Acting Director of FHFA

WASHINGTON, D.C. (December 27, 2018) – (RealEstateRama) — Statement of Robert D. Broeksmit, CMB, President and CEO of the Mortgage Bankers Association (MBA), on the announcement that President Donald J. Trump will name Comptroller of the Currency Joseph Otting as Acting Director of the Federal Housing Finance Agency beginning Jan. 6 after the end of Director Mel Watt’s term:

“MBA is pleased that Joseph Otting has been named by President Trump to serve in the role of Acting Director of the Federal Housing Finance Agency. Mr. Otting’s background in banking and mortgage finance will provide strong leadership at FHFA until a new Director is confirmed.

“We look forward to working with him on the variety of important issues facing the housing markets.”

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John Mechem
jmechemmba.org
(202) 557- 2924

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The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry, an industry that employs more than 280,000 people in virtually every community in the country. Headquartered in Washington, D.C., the association works to ensure the continued strength of the nation’s residential and commercial real estate markets; to expand homeownership and extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and fosters professional excellence among real estate finance employees through a wide range of educational programs and a variety of publications. Its membership of over 2,400 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, Wall Street conduits, life insurance companies and others in the mortgage lending field.

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Mortgage Bankers Association
1331 L Street, NW
Washington, DC 20005

Phone: (202) 557-2700