MBA Statement on HUD Secretary Marcia Fudge

WASHINGTON, D.C. (March 11, 2024) — MBA's President and CEO Bob Broeksmit, CMB, released the following statement on the retirement of Department of Housing and Urban Development (HUD) Secretary Marcia Fudge:

“MBA thanks Marcia Fudge for being a trusted industry partner and champion of improving affordable homeownership and rental housing opportunities for all Americans during her three-year tenure as HUD Secretary.

“We commend Secretary Fudge and her staff for their contributions on numerous issues, including working with the industry to ensure struggling borrowers could remain in their homes through COVID-19 forbearance relief and other loss mitigation reforms, making homeownership more affordable by lowering mortgage insurance premiums, increasing multifamily large loan limits for the first time in nearly a decade, and implementing improvements to existing HUD programs to boost single-family and multifamily housing supply.

“MBA will continue its work with HUD leadership and staff on policies and programs that solve for the supply and affordability challenges of today’s housing market.”