Statement on President Obama's Housing Announcement - MBA (Washington DC 02/01/12)

David H. Stevens, President and CEO of the Mortgage Bankers Association (MBA), today issued the following statement reacting to the housing plan outlined by President Obama in a speech in Virginia today.

“In his speech, President Obama offered more details on programs designed to help borrowers and our struggling housing market, including a ‘homeowner bill of rights.’ MBA agrees that a single national set of standards can help provide confidence and certainty in the real estate market for borrowers, lenders and servicers alike.

“I want to commend the administration for recognizing that more can be done get our housing market on track. The programs announced today will give lenders and other stakeholders additional tools to help borrowers and foster a renewed confidence in our real estate finance system.”