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Statement of Bob Broeksmit on Confirmation of Mark Calabria to be Director of the FHFA

Statement of Bob Broeksmit on Confirmation of Mark Calabria to be Director of the FHFA

WASHINGTON, D.C. (April 5, 2019) — (RealEstateRama) — Statement of Robert D. Broeksmit, CMB, President and CEO of the Mortgage Bankers Association (MBA), on the Senate confirmation of Mark Calabria to be Director of the Federal Housing Finance Agency.

“MBA applauds the Senate for confirming Mark Calabria to be the next Director of the Federal Housing Finance Agency (FHFA). His knowledge and experience will serve him well as he takes over this dynamic agency at such a critical time. Fannie Mae and Freddie Mac have been in conservatorship for more than a decade and, it’s well past time that policymakers address the long-term future of these enterprises. As both administrative and legislative reforms move forward, it is important that the regulator and Congress support ongoing liquidity and stability, and ensure that the private market is capable of sustaining an expanded role before steps are taken to modify the GSEs’ footprint.

“With his deep policy background and relationships in both the legislative and executive branches, we believe that Dr. Calabria is well positioned to provide strong leadership at FHFA. We look forward to working with him to identify workable solutions that establish a housing finance system that protects taxpayers, allows equal access to lenders of all sizes and business models, and ensures a liquid and stable mortgage market for single-family and multifamily loans.

“We congratulate Dr. Calabria on his confirmation.”

CONTACT
Rob Van Raaphorst
rvanraaphorst@mba.org
(202) 557- 2799

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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