HUD secretary Alphonso Jackson explains that "these new affordable housing goals will help the GSEs achieve the standard that Congress intended--leading the mortgage finance industry in helping low- and moderate-income families afford decent housing." News of the increases, however, is seen as a problem by the mortgage banking industry.

The Mortgage Bankers Association issued a statement saying, "as a result of miscalculation of the market size upon which the goals are based, we are very concerned that especially in the out years--as the goals increase-we will see market disruption." The organization continues, noting that "of particular concern is an unintended but expected increase in insurance premiums for borrowers depending on FHA loans and the threat these goals pose to competition in the multifamily market." MBA plans to continue working with members of Congress to offset what it sees as an impending problem.