Quote: July 27, 2023

“The Mortgage Bankers Association strongly urges you to vote against the proposed interagency Notice of Proposed Rulemaking implementing the Basel III ‘endgame’ rule. Such a substantial hike will have both macroeconomic and sector impacts that could stunt economic growth and fundamentally shift what business lines mid-sized and regional banks will focus on.”
–MBA President and CEO Robert D. Broeksmit, CMB, in a letter to bank regulators.