MBA Statement on Confirmation of Marcia Fudge as HUD Secretary
|Rob Van Raaphorst|
WASHINGTON, D.C. (March 10, 2021) - Robert D. Broeksmit, CMB, President and CEO of the Mortgage Bankers Association, issued the following statement on Marcia L. Fudge being confirmed as Secretary of Housing and Urban Development (HUD):
"MBA congratulates Congresswoman Fudge on being confirmed as the Secretary of HUD. I am confident she will continue the agency's critical work addressing the need for ongoing housing assistance during the COVID-19 emergency. We also look forward to working with the new Secretary on improving the FHA program by continuing the enhancements to its technology platforms as well as reforming servicing rules to lower costs and expand the number of lenders participating in the program. Finally, we hope she continues to support public-private partnerships such as FHA's collaboration with MBA on multifamily underwriting training. MBA looks forward to working with Secretary Fudge and others in leadership at HUD, FHA, and Ginnie Mae on important issues facing both homeowners and renters."