MBA Statement on President Donald Trump’s Executive Orders on Housing

MBA’s President and CEO Bob Broeksmit, CMB, released the following statement on President Donald Trump’s executive orders on housing:

“MBA appreciates the Trump administration’s and Congress’ increased focus on solving our nation’s housing affordability challenges. A combination of administrative and legislative reforms is necessary to make housing more affordable for homeowners and renters.

“We agree with the Administration’s focus on addressing costly mortgage regulations that have increased costs and limited access to credit. MBA believes that those benefits should be available to every consumer, no matter which lender they choose.

“America’s housing finance system is the best in the world because it’s competitive. We support efforts to increase bank participation in mortgage lending and servicing, and the goal should be to revise overly burdensome rules for lenders of all sizes and business models. This includes credit unions that support their members and independent mortgage banks (IMBs), who serve most FHA, VA, and Rural Housing borrowers, making homeownership possible for first-time buyers, low- and moderate-income families, veterans, and those living in rural communities.

“MBA strongly supports efforts to reform appraisals, ease construction regulations, and encourage homebuilding to help address the structural challenges driving up housing costs.

“We are eager to work with federal agencies and industry stakeholders throughout the regulatory reform process to ensure these enhancements are effective, practical, and benefit all consumers and market participants.”

For more information, please see this week’s Advocacy Update.