{"id":48774,"date":"2026-04-14T22:19:57","date_gmt":"2026-04-14T19:19:57","guid":{"rendered":"https:\/\/mk.gen.tr\/broeksmit-outlines-next-steps-as-mba-ramps-up-advocacy-efforts\/"},"modified":"2026-04-14T22:19:57","modified_gmt":"2026-04-14T19:19:57","slug":"broeksmit-outlines-next-steps-as-mba-ramps-up-advocacy-efforts","status":"publish","type":"post","link":"https:\/\/mk.gen.tr\/en\/broeksmit-outlines-next-steps-as-mba-ramps-up-advocacy-efforts\/","title":{"rendered":"Broeksmit outlines next steps as MBA ramps up advocacy efforts"},"content":{"rendered":"

Bob Broeksmit, president and CEO of the Mortgage Bankers Association<\/strong> (MBA), called on industry members to intensify advocacy efforts on Capitol Hill, outlining a series of next steps as lawmakers weigh key housing and financial policy changes.<\/p>\n

Speaking at the MBA<\/a>\u2018s National Advocacy Conference on Tuesday in Washington, D.C., Broeksmit<\/a> said that while this year\u2019s conference involves less uncertainty than last year\u2019s \u2014 which was marked by \u201cDOGE cuts<\/a>,\u201d \u201cLiberation Day<\/a>\u201d tariffs and a possible global trade war \u2014 the association\u2019s advocacy work is far from finished.<\/p>\n

Broeksmit reminded the audience about the trade group\u2019s advocacy wins in 2025 and urged members to press Congress<\/strong> to address provisions in the 21st Century\u00a0ROAD to Housing Act<\/a>.<\/p>\n

\u201cThe Senate<\/strong>\u2018s package, taken as a whole, has the potential to meaningfully improve housing supplies and affordability,\u201d Broeksmit said. \u201cIt is rare to see unanimous bipartisan agreement on major legislation, an indication that elected officials clearly recognize voter concerns about rising housing costs and limited availability.\u201d<\/p>\n

But Broeksmit added that MBA has \u201cseveral concerns that must be addressed.\u201d This includes a \u201cdrafting error related to <\/strong>Federal Housing Administration\u00a0<\/strong>(FHA) multifamily<\/a> loan limits, which would have the effect of lowering them [and] second, a single-family housing investor ban that would ironically restrict the flow of capital into rental housing<\/a>.\u201d<\/p>\n

Broeksmit said the MBA, due to its concerns regarding the potential ban on institutional investors<\/a>, met with Treasury Secretary Scott Bessent<\/a> in February and addressed its concerns. Bessent reportedly told Broeksmit that the proposal to ban certain institutional investors in the single-family housing market gained significant traction after polling showed it resonated strongly with the public.<\/p>\n

That signal, Broeksmit told his audience, prompted the MBA to assemble a coalition to mitigate potential unintended consequences, particularly for multifamily housing. <\/p>\n

\u201cThe last thing that we have a real issue with on the ROAD to Housing (Act) is a proposal to divert funds from the FHA Mutual Mortgage Insurance Fund <\/a>to support foreclosure counseling, not only for FHA borrowers, but for U.S. Department of Veterans Affairs<\/strong>\u00a0(VA<\/a>) borrowers and U.S. Department of Agriculture\u00a0<\/strong>(USDA<\/a>) borrowers, something that should occur through the normal appropriations process,\u201d Broeksmit said.<\/p>\n

An overhaul to credit reporting requirements remains a central priority for the MBA. Broeksmit said the group will continue pushing policymakers to eliminate the tri-merge credit report<\/a> mandate, arguing that it reduces competition and increases borrowing costs.<\/p>\n

\u201cOur goal is to fix the underlying problem, which is a lack of competition in a safe, data-driven manner,\u201d he said, adding that members should advocate for \u201ctimely action\u201d from regulators and lawmakers.<\/p>\n

On bank capital standards<\/a>, the MBA plans to submit formal comments on the latest Basel III proposal released by federal regulators, while continuing to push for reforms that better reflect mortgage risk and expand liquidity. Broeksmit said changes to capital treatment for mortgage servicing rights and warehouse lending would \u201cbenefit the entire market.\u201d<\/p>\n

The group is also engaging with federal agencies on regulatory reforms aimed at easing compliance burdens and expanding access to credit. Broeksmit said recent discussions between MBA\u2019s Residential\/Single Family Board of Governors <\/strong>(RESBOG) and the Consumer Financial Protection Bureau <\/strong>(CFPB<\/a>) signaled openness to adjusting mortgage rules to better support lenders of all sizes.<\/p>\n

\u201cWe need you to carry the message to Capitol Hill that MBA will work with the White House<\/a><\/strong>, federal agencies and industry stakeholders to ensure these reforms are effective, practical and beneficial,\u201d he said.<\/p>","protected":false},"excerpt":{"rendered":"

Bob Broeksmit, president and CEO of the Mortgage Bankers Association (MBA), called on industry members to intensify advocacy efforts on Capitol Hill, outlining a series of next steps as lawmakers weigh key housing and financial policy changes. Speaking at the MBA\u2018s National Advocacy Conference on Tuesday in Washington, D.C., Broeksmit said that while this year\u2019s…<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/posts\/48774"}],"collection":[{"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/comments?post=48774"}],"version-history":[{"count":0,"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/posts\/48774\/revisions"}],"wp:attachment":[{"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/media?parent=48774"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/categories?post=48774"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/tags?post=48774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}