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Comment of Bob Broeksmit on Nomination of Mark Calabria to be Director of the Federal Housing Finance Agency

Comment of Bob Broeksmit on Nomination of Mark Calabria to be Director of the Federal Housing Finance Agency

WASHINGTON, D.C. (December 12, 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 intends to nominate Mark Calabria to be Director of the Federal Housing Finance Agency.

“MBA congratulates Mark Calabria on the announcement that President Trump intends to nominate him to be the next Director of the Federal Housing Finance Agency (FHFA). He has a deep background in housing finance issues and we have enjoyed a good working relationship with him in his current and past roles.”

“We look forward to working with him on a wide variety of housing finance issues, not the least of which is resolving the now-decade long conservatorship of Fannie Mae and Freddie Mac in a way that best serves borrowers, protects taxpayers and ensures equal access to stable and liquid secondary mortgage markets for a wide variety of single- and multifamily lenders, regardless of size or business model.”

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John Mechem

(202) 557-2727

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MBA

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.

Contact:

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

Phone: (202) 557-2700