As mortgage rates reached 23-year highs in MBA’s latest Weekly Applications Survey and application activity fell to a low last seen in 1996, MBA President and CEO Robert Broeksmit, CMB, issued the following statement.
Tag: Robert Broeksmit CMB
MBA’s Broeksmit: Why Mortgage Rates Continue to Rise and What Can Be Done
As mortgage rates reached 23-year highs in MBA’s latest Weekly Applications Survey and application activity fell to a low last seen in 1996, MBA President and CEO Robert Broeksmit, CMB, issued the following statement.
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
Quote: Oct. 5, 2023
“We’ve got a 44-year low in mortgage delinquencies.”
–MBA President and CEO Robert Broeksmit, CMB, on CNBC’s Closing Bell Overtime
Quote: Oct. 2, 2023
“President Biden signed the bill [that funds the federal government] into law before midnight, ensuring that all the various government-supported segments of the mortgage market, including HUD (Ginnie Mae and FHA included), USDA, and the VA will continue to operate uninterrupted.”
–MBA President Robert Broeksmit, CMB.
MBA’s Broeksmit Comments on Potential Government Shutdown
Mortgage Bankers Association President & CEO Robert D. Broeksmit, CMB, commented Monday on a potential government shutdown at the end of the fiscal year.
MBA’s Broeksmit Comments on Potential Government Shutdown
Mortgage Bankers Association President & CEO Robert D. Broeksmit, CMB, commented yesterday on a potential government shutdown at the end of the fiscal year.
Broeksmit Testifies That MBA Opposes Certain Provisions of the Basel III Proposal
MBA President and CEO Robert Broeksmit, CMB, testified before Congress yesterday. He told the House Financial Services Committee that MBA strongly opposes key elements of the Basel III proposal, which, absent significant revisions, could increase borrowing costs and reduce credit availability.
Broeksmit Testifies That MBA Opposes Certain Provisions of the Basel III Proposal
MBA President and CEO Robert Broeksmit, CMB, testified before Congress yesterday. He told the House Financial Services Committee that MBA strongly opposes key elements of the Basel III proposal, which, absent significant revisions, could increase borrowing costs and reduce credit availability.
MBA Comments on FHFA’s Credit Scoring Implementation Plan
The Federal Housing Finance Agency announced updates to its implementation plan for the GSEs’ adoption of FICO 10T and VantageScore 4.0 and bi-merge reporting requirements. Mortgage Bankers Association President and CEO Bob Broeksmit, CMB, issued the following comments.