MBA Statement on the Nomination of Bill Pulte as FHFA Director

WASHINGTON, D.C. (January 16, 2025) - MBA's President and CEO Bob Broeksmit, CMB, issued the following statement on Bill Pulte being nominated by President-elect Donald Trump to be Director of the Federal Housing Finance Agency (FHFA):

"MBA congratulates Bill Pulte on being nominated to serve as the next FHFA Director.

"We look forward to working with him and the FHFA staff on policies and programs that boost housing supply and create affordable opportunities for our nation's homebuyers and renters while protecting taxpayers and ensuring a robust secondary mortgage market and Federal Home Loan Bank system for single-family and multifamily lenders.

"The conservatorship of Fannie Mae and Freddie Mac (GSEs) was never intended to be permanent. MBA stands ready to work with the Administration and Congress to ensure that the transition to a post-conservatorship era for the GSEs is done the right way, including the critical step that Congress approves an explicit federal backstop for the GSEs' mortgage-backed securities, to prevent severe market disruptions."