Broeksmit Comments on Announcement that Joseph Otting will be Named Acting Director of FHFA
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WASHINGTON, D.C. (December 21, 2018) - Statement of Robert D. Broeksmit, CMB, President and CEO of the Mortgage Bankers Association (MBA), on the announcement that President Donald J. Trump will name Comptroller of the Currency Joseph Otting as Acting Director of the Federal Housing Finance Agency beginning Jan. 6 after the end of Director Mel Watt's term:
"MBA is pleased that Joseph Otting has been named by President Trump to serve in the role of Acting Director of the Federal Housing Finance Agency. Mr. Otting's background in banking and mortgage finance will provide strong leadership at FHFA until a new Director is confirmed.
"We look forward to working with him on the variety of important issues facing the housing markets."