HousingWire Daily MBA CEO Bob Broeksmit on federal housing policy updates
Apr 10, 2026
Bob Broeksmit, president and CEO of the Mortgage Bankers Association, offers federal housing policy perspective. He discusses MBA cost-reduction proposals, the White House housing executive order and rule changes, and ideas to modernize credit reporting. He also covers origination costs, FHA delinquency dynamics, and concerns about new housing legislation.
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Cut Fees Now To Mirror Lower Interest Rates
- Do pursue targeted cuts to borrower costs like reducing GSE LLPA and FHA mortgage insurance premiums.
- Bob Broeksmit says a 25 bps cut equals a quarter-point rate drop and suggests tightening FHA guidelines only at riskiest slices to protect the MMIF.
Executive Order Is A Blueprint Not The Final Fix
- The White House housing executive order is a blueprint, not a finished rulebook, and agencies must convert it into actionable changes.
- Bob Broeksmit urges regulators to fix rules for all lenders rather than exempting 'community' or 'smaller' banks only.
Use Single InFile Reporting For High Score Loans
- Do implement single in-file credit reporting for loans with strong credit to lower borrower costs and unnecessary tri-merge fees.
- MBA proposes allowing a single bureau pull when score ≥700 for GSE loans while preserving origination discretion to pull three.