I had the honor of meeting Mortgage Bankers Association CEO David Stevens last month, and I have to say consumers are lucky to have him. This is a guy who understands better than most the delicate balance between regulation and open market activity. In fact, last week I discussed how Stevens’ group was instrumental in making current mortgage laws as consumer-friendly as they can be given the infinite complexity in Washington. Anyway, today Stevens was on CNBC doing a more broad interview on the state of housing, fate of Fannie/Freddie, and status of the home mortgage interest deduction—always a hot topic, especially around tax season.
Watch it below and follow Stevens on twitter: @davidhstevens
– David Stevens On Current State Of Housing (CNBC)