In a compelling opening to the Mortgage Bankers Association CREF 2025 conference in San Diego this week, industry leaders and a sports icon shared insights on housing affordability, financial reform, and personal transformation. The event highlighted the intersection of policy, finance, and individual resilience in shaping the housing market and personal success.
Robert Broeksmit, president and CEO of the MBA, opened the session with optimistic news about the administration's commitment to affordable housing. "Across the administration, we are finding broad alignment to make housing more affordable," Broeksmit said. He pointed to the potential of the Opportunity Zones program to repurpose outdated office spaces into affordable housing units.
Broeksmit also touched on a long-standing issue in the mortgage industry: the conservatorship of Freddie Mac and Fannie Mae. "The timing may finally be right for Freddie Mac and Fannie Mae to exit conservatorship," he said, emphasizing the importance of maintaining market stability through continued guarantees on mortgage-backed securities.
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