MBA Statement on FHFA and Treasury Suspending Certain Portions of the 2021 Preferred Stock Purchase Agreements
|Rob Van Raaphorst|
WASHINGTON, D.C. (September 14, 2021) - MStatement from Robert D. Broeksmit, CMB, President and CEO of the Mortgage Bankers Association (MBA), on Treasury and FHFA suspending certain provisions of the 2021 PSPAs.
"MBA applauds the announcement by the Treasury and FHFA that they are suspending the limits on purchases of certain loan types, lenders' use of the cash window, and multifamily volumes, which were imposed on the GSEs by the PSPA amendments on Jan 14, 2021.
"The suspensions will eliminate several market and pricing disruptions caused by these caps that were harming lenders and borrowers alike and pave the way to restore appropriate regulatory authority to the FHFA.
"MBA looks forward to working with Treasury, FHFA, and all other stakeholders on these and other ways to protect consumers and strengthen the mortgage market."