HousingWire Daily MBA’s Bob Broeksmit on housing policy priorities in a new administration
8 snips
Jan 30, 2025 Bob Broeksmit, President and CEO of the Mortgage Bankers Association, shares insights on pivotal housing policy priorities amid a new administration. He discusses the potential exit of Fannie Mae and Freddie Mac from conservatorship, emphasizing their role in economic recovery. The conversation also covers immediate relief measures for first-time buyers, the push for consumer privacy legislation in mortgage lending, and the importance of industry advocacy in shaping housing policy through initiatives like the Mortgage Action Alliance.
AI Snips
Chapters
Transcript
Episode notes
U.S. Housing Finance System
- The U.S. housing finance system, with its 30-year fixed-rate mortgages, is unique and beneficial.
- This system played a crucial role in the U.S. economy's recovery from the pandemic.
Lowering Housing Costs
- The new administration should prioritize lowering housing costs.
- One immediate action is to reduce the FHA mortgage insurance premium, which would directly lower borrowers' monthly payments.
Trigger Leads Bill
- Reintroduce the Trigger Leads bill in a bipartisan way in both the House and Senate.
- French Hill's support as the new House Financial Services Committee chairman should help its passage.