WASHINGTON, D.C. (February 26, 2019) — (RealEstateRama) — Statement of Robert D. Broeksmit, CMB, President and CEO of the Mortgage Bankers Association (MBA), on the approval of the nomination of Mark Calabria by the Senate Committee on Banking, Housing, and Urban Affairs to be Director of the Federal Housing Finance Agency.
“MBA applauds the Senate Banking Committee for approving the nomination of Mark Calabria to be the next Director of the Federal Housing Finance Agency (FHFA). Dr. Calabria has deep expertise in housing policy, which will serve him well in a role that profoundly impacts the mortgage and real estate markets, should he be confirmed. In particular, we hope to work with him to resolve the future of Fannie Mae and Freddie Mac, and help to better serve borrowers, protect taxpayers and ensure equal access to stable and liquid secondary mortgage markets for a wide variety of single- and multifamily lenders, regardless of size or business model.
“MBA now calls on the full Senate to swiftly confirm Dr. Calabria as the next head of the FHFA.”
Rob Van Raaphorst
(202) 557- 2799