MBA’s Stevens Comments on Delaney/Carney/Himes Housing Finance Reform Proposal

MBA’s Stevens Comments on Delaney/Carney/Himes Housing Finance Reform Proposal

WASHINGTON, D.C. – March 20, 2015 – (RealEstateRama) — David H. Stevens, President and CEO of the Mortgage Bankers Association (MBA) issued the following statement in response to the release of federal housing reform legislation by Representatives John K. Delaney, John Carney, and Jim Himes:

“This legislation is a constructive proposal that will help move the ongoing housing finance reform debate forward. MBA appreciates the chance to have been part of the stakeholder dialogue leading up to the bill’s introduction, and we are pleased that it furthers our primary objectives of ensuring liquidity for all forms of housing while reducing taxpayer risk. “We particularly appreciate the bill’s approach regarding the appropriate level of private “first-loss” capital required, its mechanisms for the pricing of a federal guarantee, and its recognition of the unique attributes and importance of the multifamily finance market. We look forward to working with the bill’s authors to help them further assess the expanded role envisioned for Ginnie Mae in order to ensure a “level playing” field in both the residential market and the multifamily rental housing market. “Furthermore, MBA believes the proposal will complement ongoing efforts by the Federal Housing Finance Agency (FHFA) to strengthen the secondary mortgage market.  MBA is eager to continue engaging with the leadership of the House Financial Services Committee, the bill’s authors, and other key stakeholders, to advance legislative efforts to reform the government sponsored enterprises and further stabilize the housing finance system for consumers.”

CONTACT
Rob Van Raaphorst

(202) 557- 2799

SHARE
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

Previous articlePeoples’ Self-Help Housing to Host Free Home Ownership Workshop March 26
Next articleNREL Director Announces His Retirement Photo of Dr. Dan E. Arvizu Dr. Dan E. Arvizu announced that he intends to retire from his role as NREL’s Director. Dan Arvizu to End Tenure at Renewable Energy Lab in September