HousingWire Daily Bob Broeksmit on Trump housing policies
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Jan 21, 2026 Bob Broeksmit, President and CEO of the Mortgage Bankers Association, dives into pressing housing policy priorities. He discusses credit reporting changes, the need to lower FHA mortgage insurance, and the potential for restricting institutional investors in the housing market. Broeksmit also proposes adjustments to loan-level price adjustments (LLPAs) and reforms to the loan officer compensation rule. With insights on legislative progress, he emphasizes the importance of collaboration between the MBA and the government for more affordable housing.
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Target Low-Hanging Affordability Wins
- The MBA targets immediate affordability wins like cutting credit-report costs and adjusting FHA premiums.
- These measures aim to lower consumer costs quickly without undermining program safety.
Switch High-Score Loans To Single Credit Pulls
- Move GSE purchase loans with scores of 700+ to a single in-file credit pull to save borrowers money.
- This reduces lenders' upfront costs for pulled reports that never result in closed loans.
FHA Has Capital Cushion To Ease MIP Burden
- FHA's Mutual Mortgage Insurance Fund sits well above the 2% statutory minimum at 11.47%.
- That capital cushion suggests room to lower FHA mortgage insurance or change its life-of-loan rules to aid affordability.