MBA Congratulates President Donald Trump and Vice President JD Vance
January 21, 2025
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WASHINGTON, D.C. (January 21, 2025) — MBA’s President and CEO Bob Broeksmit, CMB, issued the following statement congratulating President Donald Trump and Vice President JD Vance on their inauguration and the executive order to lower costs for Americans:
“On behalf of the Mortgage Bankers Association, I congratulate President Donald Trump and Vice President JD Vance. We look forward to working with their administration and the 119th Congress on policies and initiatives that generate economic growth and make the housing market work better for our nation’s homeowners and renters.
“President Trump campaigned on lowering costs for Americans, and we appreciate housing supply and affordability being included in an executive order on this issue. We support efforts to cut unnecessary regulatory red tape and to pursue federal housing program enhancements that make renting and homeownership more attainable and sustainable.
“This includes our strong belief that the Federal Housing Administration should eliminate its life of loan premium requirement and strongly consider a reasonable reduction to FHA mortgage insurance premium levels to reduce housing costs for low- to moderate-income Americans.
“MBA and its members stand ready to partner with the Trump administration as it builds its economic, housing, and financial services agenda.”