Bob Broeksmit is president and CEO of the Mortgage Bankers Association (MBA). This column is edited and adapted from prepared remarks delivered today at the MBA’s 2024 Annual Convention and Expo in Denver. While the rest of the country is anxious about the...
A coalition of 14 trade associations, financial institutions and government-sponsored enterprises have joined forces to create the Convergence Collaboration, a new endeavor designed to address the issues that contribute to racial disparities in homeownership. Over the...
The Federal Housing Finance Agency (FHFA) announced its conditional approval for Freddie Mac (OTCQB: FMCC) to engage in a limited pilot to purchase certain single-family closed-end second mortgages. The conditional approval follows FHFA’s first publication of a...
An outrageous claim to a landmark property, an overlap of real estate and politics, and a tuneful agent begins his new job. From the wild and wooly world of real estate, here are our Hits and Misses for the week of May 20-24. Miss: Beyond Belief. The weirdest real...
Bob Broeksmit is president and CEO of the Mortgage Bankers Association (MBA). This article is adapted and edited from a May 15 speech delivered at the Exchequer Club’s May 2024 meeting. My topic is familiar to many of you. It’s the administrative state—the...
Small Mortgages Fall Below 3% of Originations, Exposing Rural Lending Gap
