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MBA’s Broeksmit Statement on U.S. Senate Banking Committee Chairman Crapo’s Housing Finance Reform Principles

MBA’s Broeksmit Statement on U.S. Senate Banking Committee Chairman Crapo’s Housing Finance Reform Principles

WASHINGTON, D.C. (February 1, 2019) -(RealEstateRama) — Robert D. Broeksmit, CMB, President and CEO of the Mortgage Bankers Association, issued the following statement in response to today’s release of principles for housing finance reform by Senate Banking Committee Chairman Mike Crapo (R-ID).

“MBA welcomes the release of Chairman Crapo’s principles for housing finance reform as a significant sign of his continued commitment to work toward finally ending the conservatorships of Fannie Mae and Freddie Mac and ensuring a stable and liquid market – with an explicit, paid-for government guarantee – for both single-family and multifamily mortgages. MBA looks forward to continuing to engage on a bipartisan basis with congressional leaders, the administration and other key stakeholders on reform efforts to create a system that supports borrowers, serves lenders of all sizes and business models and protects taxpayers.”

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