Mortgage Bankers Association
10/07/2025 | Press release | Distributed by Public on 10/08/2025 07:44
MBA Statement on the Confirmation of Jonathan McKernan as Undersecretary of the Treasury for Domestic Finance
WASHINGTON, D.C. (October 7, 2025) - MBA's President and CEO Bob Broeksmit, CMB, released the following statement on Jonathan McKernan's confirmation by the Senate to serve as the Undersecretary of the Treasury for Domestic Finance:
"MBA congratulates Jonathan McKernan on his well-deserved confirmation as Undersecretary for Domestic Finance. We believe that he will demonstrate a balanced perspective on issues pertaining to fiscal policy, financial markets, housing affordability, and financial institutions.
"Importantly, Undersecretary McKernan will play a key role in the future of Fannie Mae and Freddie Mac (the GSEs). We will work collaboratively with Treasury staff and the Federal Housing Finance Agency to develop and execute a careful and calibrated plan for the GSEs' future in a way that avoids any market disruption or increased costs for borrowers."
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