HUD, Biden Administration Encourage More Commercial-to-Residential Conversions

On Friday, HUD and the Biden Administration announced two updates to increase housing supply and improve housing affordability, including research on commercial-to-residential conversions. Mortgage Bankers Association President and CEO Robert Broeksmit, CMB, weighed in on the announcement.

Quote: Oct. 16, 2023 Afternoon Edition

“It’s simple. No more interest rate hikes.

No selling MBS holdings until spreads have normalized and the market has stabilized.

And we don’t just want to see these things.

We want the Fed to SAY these things, for all to hear.

You deserve clarity, not more chaos.”
–MBA President and CEO Robert Broeksmit, CMB, speaking at MBA Annual

Mark Jones: Ready to Dive In

Mortgage Bankers Association 2024 Chairman Mark Jones co-founded and led Amerifirst Home Mortgage, served on MBA’s Board of Directors, chaired its Audit and Finance Committee, co-chaired its Independent Mortgage Bankers Executive Council, and testified before Congress. But before this, he was a Division I competitive diver in college.

Mark Jones: Ready to Dive In

Mortgage Bankers Association 2024 Chairman Mark Jones co-founded and led Amerifirst Home Mortgage, served on MBA’s Board of Directors, chaired its Audit and Finance Committee, co-chaired its Independent Mortgage Bankers Executive Council, and testified before Congress. But before this, he was a Division I competitive diver in college.

Charity Spotlight: MBA Opens Doors Foundation

The Mortgage Bankers Association’s MBA Opens Doors Foundation (Opens Doors Foundation) recently announced it had crossed the threshold of helping more than 15,000 families in their time of need. What started as a desire to help families with critically ill children stay in their homes while their child is in treatment has blossomed into a full-fledged support system for thousands of families across the country.

Charity Spotlight: MBA Opens Doors Foundation

The Mortgage Bankers Association’s MBA Opens Doors Foundation (Opens Doors Foundation) recently announced it had crossed the threshold of helping more than 15,000 families in their time of need. What started as a desire to help families with critically ill children stay in their homes while their child is in treatment has blossomed into a full-fledged support system for thousands of families across the country.

Quote: Oct. 6, 2023

“The challenging rate environment is a product of many factors and is likely to persist, but these steps by the Fed would help to reassure investors and should provide relief. MBA continues to fight on your behalf with regulators, policymakers on both sides of the aisle, the GSEs, and the Fed.”
–MBA President and CEO Robert Broeksmit, CMB