MBA Statement on Kathy Kraninger Nomination to be BCFP Director

MBA Statement on Kathy Kraninger Nomination to be BCFP Director

WASHINGTON, D.C. (June 18, 2018) –- (RealEstateRama) — Dave Motley, CMB, Chairman of the Mortgage Bankers Association (MBA) and President of Colonial Savings, F.A., released the following statement regarding President Trump’s nomination of Kathy Kraninger to become the next Director of the Bureau of Consumer Financial Protection (BCFP):

“MBA is pleased that Kathy Kraninger has been nominated to oversee the BCFP. Based on her background and experience, we look forward to hearing her views about how to improve the Bureau’s oversight and operations, and how she will leverage the information gathered from the ongoing RFI process to protect consumers from unscrupulous practices while also ensuring they enjoy access to safe, sustainable loan products. MBA is eager for a fair and thorough confirmation process to begin as quickly as possible.”

CONTACT
Ali Ahmad

(202) 557- 2727

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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.

Contact:

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

Phone: (202) 557-2700

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