Statement of Robert D. Broeksmit, CMB, President and CEO of the Mortgage Bankers Association (MBA), on President Trump signing an executive memorandum designed to initiate reform of the housing finance system:

“MBA applauds President Trump and the Administration for fashioning a memorandum designed to promote competition in the real estate finance markets and protect taxpayers. We are heartened the memorandum recognizes the GSEs should be released from conservatorship only after specified reforms, and that it insists on other core principles such as preserving the 30-year fixed-rate mortgage and leveling the playing field for lenders of all sizes. MBA looks forward to working with the Trump Administration, Congress and other stakeholders to achieve comprehensive reforms in a bipartisan fashion.”