MBA’s Stevens Praises Corker on Twitter – NMP Skip to main content

MBA’s Stevens Praises Corker on Twitter

Sep 28, 2017
The new push by the Trump Administration to bring the government-sponsored enterprises (GSEs) out of their 11-year federal conservatorship could result in some negative impacts on the wider mortgage market, according to an opinion piece by David H. Steven

David H. Stevens, President and CEO of the Mortgage Bankers Association (MBA), took to Twitter to offer a tribute to Sen. Bob Corker (R-TN), who announced on Tuesday that he would not seek re-election in 2018.
Writing on his personal Twitter channel, Stevens stated:
 
“The loss of @SenBobCorker will be enormous. He is one of the best of the @ussenate and a true leader and patriot.” Corker, who is chairman of the Senate Foreign Relations Committee, was first elected to the Senate in 2006, and co-authored bipartisan legislation in 2015 that sought to bring a conclusion to the federal conservatorship of the government-sponsored enterprises. More recently, Corker has come under scrutiny from the U.S. Securities and Exchange Commission for insider trading allegations, and last month he criticized President Trump by stating in an interview that he “has not yet been able to demonstrate the stability nor some of the competence that he needs to demonstrate in order to be successful.”
 
Stevens also used his Twitter channel to seek opinions on Roy Moore, the winner of this week’s Republican primary in Alabama.
 
“What’s your opinion of Moore? Very curious about what you think,” Stevens tweeted, although he received no response as of this writing.
 
Stevens, who served as Federal Housing Administration Commissioner in the Obama Administration, has not publicly offered his opinion on the conservative Moore, a former Chief Justice of the Alabama Supreme Court.

 
About the author
Published
Sep 28, 2017
Congress Weighs New Roadmap To End Fannie, Freddie Conservatorship

Rep. Scott Fitzgerald's three-bill housing package would establish a statutory framework for releasing the GSEs while expanding construction lending and easing some TRID compliance requirements

CHLA Backs Bank Capital Proposal, Questions Impact On Mortgage Lending

Trade group supports lower mortgage risk weights but says broader market forces — not capital rules — drove banks' retreat from the market

Senate Passes 21st Century ROAD To Housing Act In 85-5 Vote

Sweeping housing package heads back to House after Senate clears final version with broad bipartisan support

MISMO Updates Business Glossary To Support AI, eMortgages

New definitions covering eHELOCs, remote online notarization, valuation modernization, and compliance initiatives aim to improve consistency

Underwriters Don’t Slow Down Loans. They Eliminate Uncertainty.

ndustry’s biggest bottleneck is not underwriting itself — it is the uncertainty that reaches underwriting too late in the process. When validation happens upstream, speed follows naturally.

MISMO Launches AI Governance Framework For Mortgage Lenders

New FRAME toolkit gives lenders, servicers, and technology providers a roadmap for managing AI risk while supporting innovation