MBA Releases Statement on the “ROAD to Housing Act”  

MBA’s President and CEO Bob Broeksmit, CMB, released the following statement on the “ROAD to Housing Act,” a broad housing bill recently introduced by Senator Tim Scott (R-SC) and seven of his Senate Banking Committee colleagues:

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.

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.