The chief executive of the Mortgage Bankers Association (MBA) praised the Trump administration for having a strong understanding of how the housing market operates.
Speaking before the trade group’s 2025 Secondary and Capital Markets Conference, MBA President and CEO Bob Broeksmit declared that “this White House understands housing and real estate finance—and their policies reflect it.” Broeksmit praised Housing and Urban Development (HUD) Secretary Scott Turner, Federal Housing Finance Agency (FHFA) Director Bill Pulte, and the new leadership at the Federal Housing Administration (FHA), Ginnie Mae and the Consumer Financial Protection Bureau for having a better understanding of housing policy compared to the Biden administration.
“This is a welcome change,” Broeksmit declared. “We’re now dealing with leaders who know the importance of prudence. We have fewer worries of overregulation and policy proposals that hurt the industry and ultimately increase borrower costs. On the contrary: Washington is now focused on empowering you to help even more Americans at an even higher level.”
Broeksmit praised the administration’s focus on deregulation, including HUD’s decision to waive implementation of its floodplain rule and the delaying of new energy standards for homes built with FHA and Department of Agriculture financing.
“At FHFA, Director Pulte has rescinded the advisory bulletin that essentially turned Fannie and Freddie into consumer protection regulators by directing them to conduct UDAP compliance reviews on their customers,” Broeksmit added. “That was a bad idea to begin with, but now it’s no longer a threat.”
Broeksmit praised the Trump administration for returning the regulatory agencies “to their statutory mandates. They’re putting regulators back in their proper lanes, as established by federal law … Many, if not most of them, have overstepped their bounds in recent years. Sometimes, they got fixated on political fads instead of sound policy. Other times, they claimed powers they simply don’t have. Either way, the result has been ‘mission creep that distracts agencies from their core jobs. But the current administration has said ‘no more.’ They’re directing regulators to return to boosting building and financing activity, which should have been the focus all along.”
This is clearly another case of the “wolves guarding the sheep”. The members of the Mortgage Bankers Association are the very people who want to remove consumer protections in order to exploit the financial system purely for profit. These are the same people who, during the George W Bush administration, brought our economy to the brink of collapse, beginning in 2008.
Don’t be mistaken, the Mortgage Bankers Association is a trade association set up to protect the interests of the mortgage bankers, NOT unsuspecting and trusting homebuyers.
The draft-dodging lying Traitor Trump Trump and his enablers have NO interest in protecting the American consumers and taxpayers; they only want to exploit power in order to suck as much money out of the American people as possible while using their power to destroy anyone who gets in their way.
This article gives the false impression that the leading mortgage industry experts have declared Trump to be a hero who is protecting the public while Biden was an overzealous regulator out to destroy the mortgage industry. The opposite is the case. If you believe what these lying cheaters are telling you, then I’m sure that Trump has plenty of swamp land in Florida to sell you, especially after they lift the flood plain restrictions for mortgage lending!
Since much of our lumber comes from Canada, big tariffs are another way to boost the cost of construction. Trump economics are wack.
I’m confused… what does your comment have to do with the article? I think we know where you stand on Trump but ……
As long as we don’t repeat the mistake of “ninja loans” no income no job they just have to breathe on a mirror to get a loan, and people actually have to qualify for loans, We have better opportunities with less regulations on building, less government fees (up to 50% in California on government fees just to build) and reduced regulations, we can create a better housing market. 20% of all jobs in the United States evolve around the housing industry, think about the house you’re sitting in; the construction materials from flooring, to paint to drywall to roofs to furniture, and all the elements that make up a Home create a lot of jobs. We need relief from these onerous, and terrible, regulations to proceed for a better opportunity for all. Mortgage financing is a critical component.