MBA Statement on the Confirmation of Jonathan McKernan as Undersecretary of the Treasury for Domestic Finance

MBA President and CEO Bob Broeksmit, CMB, released the following statement on Jonathan McKernan’s confirmation by the Senate to serve as the Undersecretary of the Treasury for Domestic Finance:

“MBA congratulates Jonathan McKernan on his well-deserved confirmation as Undersecretary for Domestic Finance. We believe that he will demonstrate a balanced perspective on issues pertaining to fiscal policy, financial markets, housing affordability, and financial institutions.

“Importantly, Undersecretary McKernan will play a key role in the future of Fannie Mae and Freddie Mac (the GSEs). We will work collaboratively with Treasury staff and the Federal Housing Finance Agency to develop and execute a careful and calibrated plan for the GSEs’ future in a way that avoids any market disruption or increased costs for borrowers.”