MBA Newslinks Archive

“It’s been an honor to work with the talented staff, strong leadership and diverse membership of MBA.”–MBA President and CEO David Stevens, CMB.

“A country where it is easier to own a home, start a business and find a job is a country at work. We need to make public-private partnerships a common cause for the welfare of our communities. These alliance work best when HUD and other government agencies work with private enterprises, and not run roughshod over the private sector.”–HUD Secretary Ben Carson, in a keynote address yesterday at the MBA Annual Convention & Expo.

“We are re-imagining” the mortgage business to deliver a better housing finance system–one that moves risk away from the taxpayer, attracts true private capital, provides market discipline and reduces systemic risk.”–Freddie Mac CEO Donald Layton.

“MBA and its members are committed to serving all borrowers in a safe and sustainable manner–including those with limited English proficiency. While we continue to have significant reservations about including a language preference question on the URLA, we appreciate the modest improvements FHFA has made in response to industry feedback and concerns about the GSEs’ consumer testing.”–MBA Senior Vice President for Residential Policy and Member Engagement Pete Mills, in response to a Federal Housing Finance Agency announcement including a question on Limited English Proficiency in its Uniform Residential Loan Application.

“We remain a leader on every front. When it comes to policy, the policymakers in Washington come to us. They rely on our data, our research, our thoughtfulness and our perspective…Why? Because when MBA speaks, everyone knows that we represent all of mortgage finance, from commercial to residential, from bank to non-bank. Our depth of membership and staff talent is unmatched.”–MBA President and CEO David Stevens, CMB.

“Mr. Montgomery’s prior service as FHA Commissioner, as well as his recent private sector experience, provide him with a unique perspective on the issues facing our nation’s housing and mortgage markets. This experience will serve him well during his second tour as FHA Commissioner, and we are confident that he will bring a deep commitment and focus to the FHA program areas most in need of his time and attention.”–MBA President and CEO David Stevens, CMB, in a letter to Senate Banking Committee leadership.

“Market momentum has continued in 2017, with strong demand from borrowers and a strong appetite to lend by lenders, especially of loans going to government-related entities.”–MBA Vice President of Commercial Real Estate Research Jamie Woodwell.

“Moves among mortgages, bank cards and autos have tended to offset one another over the past year. As a result, no sector is currently showing substantial increases or signs that consumers are facing renewed financial stress. Other economic indicators through the summer echo consumers’ favorable condition: debt service as a proportion of income is modest while consumer credit and mortgage borrowing continues to see moderate expansion.”–David Blitzer, Managing Director and Chairman of the Index Committee with S&P Dow Jones Indices, New York.

“As blue counties are becoming increasingly less affordable, we see a great number of residents moving to red counties where they can afford the lifestyle they want.”–Redfin Chief Economist Nela Richardson.

“In isolation, we would fight against modification to the mortgage interest deduction very hard. [But]we want to remain open-minded and involved in those proposals. If there’s a trade-off that gets you ultimately to the same outcome, we’re open to it.”–MBA President and CEO David Stevens, CMB, to Politico.