Quote: May 17, 2024

“MBA is relieved that the Supreme Court avoided a ruling that would have disrupted the housing and mortgage markets and harmed the economy and consumers. While we frequently disagree with the Bureau on how they interpret or enforce particular rules, a decision that would have invalidated the Bureaus’ previous rules could have had severe consequences for single-family and multifamily mortgage markets.”
–MBA President and CEO Bob Broeksmit, CMB, discussing the U.S. Supreme Court’s Decision in CFPB v. CFSAA