“We’ll be there through the next crisis when it erupts. It just goes to show, when disaster strikes, the mortgage industry strikes back, and homeowners are stronger because of your work.”
–Christine Chandler, 2025 Mortgage Bankers Association Chair-Elect and Chief Credit Officer and Chief Operating Officer at M&T Realty Capital Corp.
“At MBA, we envision a new era in our relationship with Fannie and Freddie. We welcome the strengthening of our partnership. Lenders of all types and sizes and servicing firms can and should be partners with the GSEs to sustain a housing finance system that is stable, liquid, enables homeownership and the creation of generational wealth.”
–MBA President and CEO Bob Broeksmit, CMB, discussing talk around ending the GSEs’ conservatorship at the Independent Mortgage Bankers conference
“The overall mortgage forbearance rate decreased slightly in December as some borrowers got back on track following last fall’s severe weather in the Southeast.”
–Marina Walsh, CMB, MBA’s Vice President of Industry Analysis.
“Mortgage servicers have provided forbearance to approximately 8.5 million borrowers since March 2020, performing diligently to implement new forbearance and home retention programs from FHA and other federal agencies. We appreciate FHA’s efforts to streamline the loss mitigation process.”
–MBA’s President and CEO Bob Broeksmit, CMB, discussing the FHA’s release of its permanent loss mitigation waterfall
“MBA and its members stand ready to help impacted families and will work with federal and state agencies to deliver assistance as soon as possible.”
–MBA’s President and CEO Bob Broeksmit, CMB, discussing the California wildfires
“MBA believes strongly that any efforts to remove Fannie Mae and Freddie Mac (the GSEs) from their federal government conservatorships must fully consider the impact on single-family and multifamily housing markets and overall financial stability. This includes the critical move that Congress establishes an explicit federal backstop for mortgage-backed securities.”
–MBA’s President and CEO Bob Broeksmit, CMB
“Our recommendations demonstrate strong support for HUD’s draft and alignment on
significant points related to the loss mitigation process.”
–MBA and other groups in a letter to FHA on loss mitigation update recommendations
“Loan performance in the third quarter of 2024 showed a continual upward trend in mortgage delinquencies. Delinquencies remain low, particularly when compared with those during the Great Recession.”
–Molly Boesel, Senior Principal Economist for CoreLogic
“FHA believes these foreclosure moratorium extensions are warranted because of the devastation caused by Hurricanes Helene and Milton, the extensive property damage sustained, and the reduced capacity for those impacted to access needed resources. Many areas in Florida, Georgia, North Carolina, South Carolina, Tennessee, and Virginia are deemed PDMDAs.”
–FHA letter on extending the foreclosure moratorium in connection with hurricanes Helene and Milton
“We have long advocated for transparent policies, clear servicing requirements, and fair and equal access to the secondary market for lenders of all sizes and business models.”
–MBA President and CEO Bob Broeksmit, CMB, discussing current political conversations around GSE conservatorship
