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.

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.

MBA Comments on FHFA’s Credit Scoring Implementation Plan

The Federal Housing Finance Agency yesterday 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.