MBA Applauds Revised 21st Century ROAD to Housing Act

MBA President and CEO Bob Broeksmit, CMB, released the following statement after the House released an amended version of the Senate-passed, 21st Century ROAD to Housing Act:

“MBA commends House Financial Services Committee Chair French Hill and Ranking Member Maxine Waters for being receptive to feedback from MBA and industry stakeholders and for making critical refinements to improve this bipartisan housing package. The updated legislation advances practical solutions that address our nation’s housing supply and affordability challenges.

“The refinements have resulted in a package that MBA is pleased to support. These include important changes to provisions that could have produced significant unintended consequences for rental housing and mortgage underwriting operations, while keeping in place several key measures to boost housing supply, expand access to small-dollar mortgage lending, and improve the efficiency of our housing finance system.

“MBA urges strong bipartisan House passage next week and will continue to engage with the Senate and the Trump administration to secure a final package that gets signed into law as soon as possible.”