WASHINGTON, D.C. (January 19, 2018) – (RealEstateRama) — David H. Stevens, President and CEO of the Mortgage Bankers Association (MBA), released the following statement regarding FHFA’s paper entitled, “Federal Housing Finance Agency Perspectives on Housing Finance Reform”:
“MBA applauds FHFA Director Mel Watt for releasing this important paper which reinforces the need for comprehensive legislative housing finance reform. There are many similarities between this proposal and MBA’s own plan including the need for a government guarantee behind MBS to support single-family and multifamily finance, two or more competing guarantors, the use of a single security in the single family market, and a level playing field for lenders of all sizes and business models. We look forward to continuing to work with Congressional leaders, the Administration, Director Watt, and other stakeholders to create a secondary mortgage market that provides a more stable system and broad, sustainable access to credit for all qualified borrowers.”
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