Summary

In this episode of FinTech Fridays, Brian Vieaux speaks with Matt Jones from the Mortgage Bankers Association about the current state of housing finance, the impact of recent legislative changes, and the future of GSE reform. They discuss the challenges of housing affordability, the implications of Biden administration policies, and the importance of servicing liquidity for independent mortgage banks (IMBs). The conversation also touches on the role of the CFPB and the potential regulatory challenges posed by AI. Matt emphasizes the need for industry engagement and the resources available through the MBA to navigate these complex issues.

Takeaways

• Housing finance is a bipartisan issue with opportunities for progress.

• Affordability remains a key focus, especially post-COVID.
• Supply-side issues are critical for addressing housing affordability.
• Legislation from the Biden administration has impacted new construction costs.
• GSE reform is anticipated under the new administration.
• IMBs face liquidity challenges due to servicing requirements.
• Regulatory costs are a significant burden for lenders.
• The MBA provides extensive resources and advocacy for its members.
• Engagement with Congress is crucial for legislative success.
• AI regulation poses new challenges for the mortgage industry.

Chapters

00:00 Introduction and New Year Perspectives

06:04 Impact of Biden Administration Policies

12:11 Servicing Liquidity and IMB Challenges

18:00 Engagement and Resources from MBA

24:11 CFPB and AI Regulation Challenges