MBA Releases Statements Encouraging Senate Confirmation of Frank Cassidy, Joe Gormley, Travis Hill
MBA’s President and CEO Bob Broeksmit, CMB, released the following statement regarding the Senate Banking Committee’s advancement of the nominations of Frank Cassidy to serve as Federal Housing Administration (FHA) Commissioner and Joe Gormley to serve as President of Ginnie Mae:
“MBA strongly supports the nominations of Frank Cassidy and Joe Gormley and urges the full Senate to move quickly to confirm them.
“Frank Cassidy’s deep expertise in real estate finance and commitment to improving housing affordability make him exceptionally qualified to lead FHA. Joe Gormley’s leadership and extensive experience in housing policy and mortgage capital markets will be invaluable to Ginnie Mae’s mission of ensuring liquidity and stability in the mortgage market.
“MBA looks forward to working with both leaders once confirmed to strengthen the housing finance system, expand access to homeownership and rental housing, and support policies that promote housing affordability for families nationwide.”
Additionally, Broeksmit released the following statement following the Senate Banking Committee’s advancement of the nomination of Travis Hill to serve as Chairman of the Federal Deposit Insurance Corporation (FDIC):
“MBA strongly supports Travis Hill’s nomination to lead the FDIC and commends the Senate Banking Committee for advancing his well-deserved nomination. His past leadership at the FDIC, combined with his deep regulatory expertise and thoughtful policymaking, make him exceptionally qualified to lead the agency as Chairman and MBA urges the full Senate to act swiftly on his confirmation.
“Once confirmed, MBA looks forward to working with Travis Hill to streamline regulations for insured depositories and advance policies that strengthen housing affordability, promote investment in our communities, and support bank participation in the mortgage market—particularly through improvements in a revised Basel III Endgame framework and recalibrating capital standards, including those for mortgage servicing rights and warehouse lending.”
