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| Debra W. Still |
WASHINGTON, DC – Executives from the Mortgage Bankers
Association (MBA) issued the following statements today following the
introduction of housing finance legislation by Senators Bob Corker (R-TN)
and Mark Warner (D-VA).
Statement of David H. Stevens, MBA’s President and
CEO:
“The introduction of this bipartisan bill represents an
important step in redefining the government role in housing finance and is a
positive framework on which to begin this crucial debate. Senators Warner and Corker are to be
commended for taking a thoughtful and comprehensive approach to drafting a bill
to restructure the secondary mortgage market in a way that provides sufficient
liquidity to the market so that lenders can offer a full range of sustainable
mortgage credit to qualified borrowers through all market conditions.
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| David H. Stevens |
“We realize that this bill is a starting point for the
debate, and we are eager to work with the leadership of the Senate Banking
Committee, the authors, and other committee members to improve the bill in a
way that creates a vibrant secondary market capable that works for lenders of
all sizes and business models so they can support both the owner-occupied and
the multifamily rental housing markets."
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| Sen. Bob Corker (R-TN) |
Statement of Debra W. Still, CMB, MBA’s Chairman:
“Fannie Mae and Freddie Mac have been in conservatorship for
almost five years now, and it is important that policymakers begin defining a
long-term plan for the future role of the federal government in the mortgage
market. The Corker-Warner bill is a
significant milestone and should get policymakers headed in that direction.
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| Sen. Mark Warner (D-VA) |
“We are pleased to see a number of synergies between this
bill and MBA members’ thinking on the future secondary market, and we believe
the Corker-Warner approach is consistent with the broad objectives of the
secondary market transition concepts that MBA has recently announced.”
For a complete
copy of the company’s news release, please contact:
(202) 557-2924
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