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MBA Statement on FHFA Director Mark Calabria’s Remarks on Housing Finance Reform

AUSTIN, TEXAS (October 29, 2019) – (RealEstateRama) – Statement from Robert D. Broeksmit, CMB, President and CEO of the Mortgage Bankers Association (MBA), on Federal Housing Finance Agency (FHFA) Director Mark Calabria’s remarks delivered today at MBA’s 2019 Annual Convention and Expo:

“MBA thanks Director Calabria for providing an update to over 4,000 MBA members at our annual convention in Austin, Texas, on FHFA’s 2019 Strategic Plan for the Conservatorships of Fannie Mae and Freddie Mac, and the 2020 Scorecard. Now is the time to address the long-term future of Fannie Mae and Freddie Mac, and we’re pleased to hear that meaningful progress is being made to prepare for a responsible end to their conservatorships.

We look forward to continuing our work with FHFA to 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. Preserving the GSEs’ core mission of providing affordable and sustainable mortgage credit to markets at all times will remain MBA’s focus as FHFA implements this plan.”

Rob Van Raaphorst

(202) 557-2799