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Statement of Bob Broeksmit on Presidential Memorandum Initiating Housing Reform

Statement of Bob Broeksmit on Presidential Memorandum Initiating Housing Reform

WASHINGTON, D.C. (March 28, 2019)  — (RealEstateRama) — Statement of Robert D. Broeksmit, CMB, President and CEO of the Mortgage Bankers Association (MBA), on President Trump signing an executive memorandum designed to initiate reform of the housing finance system:

“MBA applauds President Trump and the Administration for fashioning a memorandum designed to promote competition in the real estate finance markets and protect taxpayers. We are heartened the memorandum recognizes the GSEs should be released from conservatorship only after specified reforms, and that it insists on other core principles such as preserving the 30-year fixed-rate mortgage and leveling the playing field for lenders of all sizes. MBA looks forward to working with the Trump Administration, Congress and other stakeholders to achieve comprehensive reforms in a bipartisan fashion.”

CONTACT
Rob Van Raaphorst

(202) 557- 2799

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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