HousingWireHousingWire
We’re in the nation’s capital this week for the Mortgage Bankers Association‘s annual Advocacy conference.
Headliners this year include HUD Secretary Scott Turner, Sen. Thom Tillis (R-NC), Sen. Pete Ricketts (R-NE), Sen. Elizabeth Warren (D-MA), Sen. Mark Warner (D-VA), Rep. Lisa McClain (R-MI), and Ritchie Torres (D-NY).
They’ll be sharing the latest on the Hill regarding tax plans, GSE reform, trigger leads, affordable housing initiatives, CFPB/FHFA enforcement and more.
HousingWire’s Sarah Wolak will be sharing dispatches throughout the day, so check back for more.
11:01 a.m. Opening general session
As is custom, MBA President Bob Broeksmit delivered the opening remarks. He didn’t hold back, either.
- “We are not sure that some of the federal agencies we have locked out will continue to function as they have, or even to exist down the road.”
- “President Trump’s bold vision for reorienting America’s economic and political relationships has introduced uncertainty in the marketplace. I’m grateful to the market for being up a few percentage points this morning, so we’re a little less sour than we were yesterday. But I’m sure many of you have experienced some shock and awe if you happened to check your 401K statement.”
- “Overly aggressive cuts to the federal programs that enable or encourage homeownership could be very disruptive to our industry and negatively impact millions of hardworking Americans who struggle to attain the American dream. On tax policy, members of Congress are struggling to reduce taxes without adding significantly to the nation’s debt and deficits. We will be vigilant and fight hard to retain tax policies that strengthen a competitive and provoke real estate marketplace.”
- “The biggest issue hanging over FHFA is the GSEs’ release from what was supposed to be a temporary conservatorship. Sixteen years later, with the new administration and Congress, we anticipate there will be new momentum for getting this job done.”
