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| David H. Stevens |
WASHINGTON, DC. (Aug. 6, 2013) – Statement by MBA President
and CEO David H. Stevens Regarding President Obama’s housing
finance speech,“A Better Foundation for Middle Class Homeownership”:
“We applaud President Obama for laying out a vision for
housing finance, with key elements similar to those embraced by many stakeholders,
including MBA.This is an issue that affects the well-being of every American,
whether a homeowner or a renter, and we welcome the President’s attention and
leadership.
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| President Barack Obama |
“Of particular importance is the President’s insistence on
transitioning the mortgage market toward a future state that will rely
primarily on private capital, while at the same time ensuring sufficient
liquidity and the availability of the affordable 30 year fixed rate mortgage,
and mortgages that finance multifamily rental housing, in both good and bad
times, through an appropriate use of a government guarantee.
“Additionally, the President seems willing to adopt a
common securitization platform and risk-share options, both of which are key
components MBA believe should be part of reforming the secondary mortgage
market and can be implemented now without legislation.
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| White House, Washington, DC |
“Going forward it will continue to be critical that the
White House and Congress work in a bi-partisan, cooperative manner to develop
and implement long-term housing finance policies that support and protect all
consumers, while at the same time promotes access to credit for all qualified
borrowers.
“MBA looks forward to continuing to work with all involved
parties in refining the numerous recently proposed plans and policies, in hopes
of strengthening the housing finance system to ensure owner-occupied and rental
housing for all Americans.”
A link to MBA’s five-part plan, Key Steps on the Road to
GSE Reform, can be found here.
For a complete copy of the company’s news release, please
contact:
Rob Van Raaphorst
(202) 557-2799
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