Bob Broeksmit on ROAD to Housing Act
Summary
Bob Brokesmith, CEO of the Mortgage Bankers Association, discusses regulatory updates including loan officer compensation reforms and TRID adjustments. He highlights progress on the 21st Century Road to Housing Act, noting key wins like removing punitive appraisal rules. The episode also covers Basel 3 capital requirements and their impact on mortgage affordability.
Topics discussed
HousingWire AI Summit promotion
Introduction and top five trending stories
CFPB joint letter on mortgage reforms and LO Comp
Proposed revisions to TRID timing and tolerances
Industry unity on loan officer compensation rules
CFPB staffing and Brian Johnson nomination
21st Century Road to Housing Act key provisions
Build-to-rent supply and appraisal reconsideration
MBA advocacy efforts and grassroots mobilization
Basel 3 proposal and mortgage servicing risk weights
Basel 3 timeline and warehouse lending capital rules
Impact of capital rules on consumer affordability
MBA annual convention and closing remarks
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