Bob Broeksmit

Bob Broeksmit, President and CEO of the Mortgage Bankers Association, shares insights from the MBA Annual Conference. He discusses the recent approval of VantageScore as an alternative to FICO, highlighting its implications for competition in credit scores. Broeksmit challenges the need for tri-merge reports for high-score loans, arguing they're redundant. He also delves into the complexities of GSE conservatorship and the potential for capital changes, while emphasizing the need to avoid actions that could raise mortgage costs and impact affordability.

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.

Bob Broeksmit, CEO of the Mortgage Bankers Association, shares his insights on the evolving landscape of the mortgage industry. He discusses the controversial trigger lead bill making its way through Congress and the implications of recent deregulation initiated under President Trump. Broeksmit emphasizes the importance of consumer protection and the need for clear regulatory rules to prevent confusion among borrowers. He also examines the future of Fannie Mae and Freddie Mac, highlighting their role in affordable housing.