MBA Exec Derides Trump’s “Vanity Wall” on Twitter – NMP Skip to main content

MBA Exec Derides Trump’s “Vanity Wall” on Twitter

Dec 21, 2018
A high-ranking executive within the Mortgage Bankers Association (MBA) stepped outside of the housing policy sphere and weighed in on the border security controversy at the heart of a potential federal government shutdown

A high-ranking executive within the Mortgage Bankers Association (MBA) stepped outside of the housing policy sphere and weighed in on the border security controversy at the heart of a potential federal government shutdown.
 
Although the MBA does not issue comments on non-housing policy issues, Jeff Schummer, the MBA’s Vice President of Education, took to Twitter to ridicule President Trump’s proposed wall along the Mexican border.
 
“Instead of spending $5.7B of tax payer money on the vanity wall how about using it to fight the opioid epidemic, infrastructure, or to pay down the debt,” he tweeted.
 
Schummer’s Twitter feed, which includes critical comments about the Trump Administration and retweets from several of the President’s most prominent critics, does not clearly state that the opinions stressed by him are personal and not reflective of his position as an MBA executive.
 
Last year, then-MBA President and CEO David H. Stevens took to Twitter to highlight negative media coverage of the President, including comments that called his mental health into doubt and requests that a constitutional provision be considered for remove him from office.

 
About the author
Published
Dec 21, 2018
Strong Jobs Report Threatens Mortgage Rate Rally

October hiring more than doubled expectations, pushing Treasury yields higher

Nov 06, 2026
Fed Holds Rates, But Pricing Pressures Persist

Rising Treasury yields and fresh inflation data complicate rate locks, borrower qualification, and lender margins as markets anticipate another hike in December

Oct 29, 2026
Zippy Adds Capital For Manufactured-Home Lending Push

The $20 million investment from Saluda Grade will support expansion beyond 27 states and new loan products across wholesale, retail, and community channels

Oct 16, 2026
Inflation Hits 3.7%, Putting Mortgage Rate Relief At Risk

September’s inflation pickup puts recent rate improvements at risk, potentially eroding affordability gains from lower home prices and seller concessions

Oct 14, 2026
PLACE Acquires Ardley, Expanding Push To Turn Existing Borrowers Into New Loans

The latest deal connects borrower retention technology with Maxwell's origination platform and PLACE's real estate network, creating new opportunities for lenders

Oct 09, 2026
Equifax, TransUnion Launch New Tools To Cut Credit Report Costs

Both bureaus introduce ways to purchase credit scores separately from reports, while Equifax reports growing VantageScore adoption and extends $1 pricing through 2028

Oct 09, 2026