Broeksmit Discusses Recent Wins, Current Challenges: #MBAIMB24

NEW ORLEANS–In the face of a difficult business climate, the Mortgage Bankers Association is fighting for Independent Mortgage Bankers every day to ensure they can deliver for borrowers, MBA President and CEO Robert Broeksmit, CMB, said here at MBA’s Independent Mortgage Bankers conference.

Broeksmit Testifies That MBA Opposes Certain Provisions of the Basel III Proposal

MBA President and CEO Robert Broeksmit, CMB, testified before Congress last week. 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.

Banking Agencies Issue MBA-Opposed Proposed Changes to Bank Capital Requirements

The Federal Reserve, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency on Thursday issued interagency proposed changes to capital requirements for banks with assets of $100 billion or more. MBA strongly opposes certain provisions of the proposal.