David Stevens

David Stevens

David H. Stevens is the President and CEO of the Mortgage Bankers Association.

ARTICLES

Now is the time — Make housing reform a priority

Exclusive op-ed from the president of the MBA
Today, MBA is releasing a plan detailing how a future secondary mortgage market can work – describing a post-conservator end state for Fannie Mae and Freddie Mac. Our proposal includes transition steps detailing how to get from here to there and is the only paper that comprehensively addresses how the reformed secondary market would serve all Americans along the broad continuum of affordable housing needs.
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The math behind the need for GSE reform

MBA CEO: This unfinished work 'looms over our nation'
The calls to allow the GSEs to rebuild capital amplify an important issue and are based on valid and reasoned concerns that we all share. Unfortunately allowing them to just recapitalize is simply not a mathematical possibility.
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MBA's Stevens: Time for a clarification on Fannie, Freddie reform

Protecting GSE role in housing supersedes profit-focused shareholders
Right now, Fannie Mae and Freddie Mac are providing liquidity in the secondary market for residential mortgage in the absence of private capital. The unbalanced dependence here puts the entire system on untenable ground and presents enormous risks to taxpayers.
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Mortgage Bankers helping veterans achieve homeownership

Built to Honor program awards mortgage-free houses to injured vets
"A homecoming for these heroes is something to be celebrated. Sadly, as we continue to recover from the largest economic downturn in generations, many of our veterans face homelessness, health care complications and high unemployment rates," Mortgage Bankers Association President and CEO David Stevens said.
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From HW Magazine

Balance of power

Lending in today's regulatory atmosphere
When the housing crisis began, the federal government took measures to stabilize the real estate finance markets, ensure ongoing liquidity and prevent further losses. Congress passed the Dodd-Frank Act that put many of these measures in place, including the establishment of the Consumer Financial Protection Bureau and statutory requirements for federal regulators to create and enforce new regulations to protect consumers and ensure a crisis of this proportion was never allowed to occur again
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