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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.”

CONTACT
Adam DeSanctis

(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