Mortgage Bankers Association Appoints New Head Cheese
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Robert Broeksmit Revealed as New Kingpin
Veteran mortgage banker and former FHA commissioner, Robert Broeksmit, has been appointed to lead the Mortgage Bankers Association (MBA). He steps up to the plate, effectively elbowing out whoever thought they were next in line!
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A Stuffed Résumé Indeed
Broeksmits’s heavily decorated career portfolio includes senior roles at World Savings Bank, Freddie Mac, and The Long and Foster Companies. It’s like if Liam Neeson from ‘Taken’ swapped out his “very particular set of skills” with an uncanny knack for mortgage banking.
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Industry Expectations for Broeksmit
The MBA, not to be confused with the degree or the basketball association, seems quite ecstatic about Broeksmit taking charge. They are hoping his experience can parachute them to higher levels just like Mary Poppins, but with less singing and more strategic planning.
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A Changed Landscape
With the new appointment and Broeksmit’s considerable experience in the field, the industry expects significant leaps and bounds – almost like watching a competitive triple jump event live from the comfort of your own couch.
Hot Take
Well, as they say in real estate, location, location, location. In this case, it seems to be experience, experience, experience. So another suit takes the helm at the MBA – going from master of the universe at World Savings Bank, to high muck-a-muck at Freddie Mac, to now king of the hill at the Mortgage Bankers Association. But hey, let’s not judge a book by its cover, or in this case, a CEO by his golden parachute.
Remember, every Monopoly game begins with one player as the banker – looks like Broeksmit’s just nabbed himself the best seat in the house again. Will he pass Go and collect $200 or be sent directly to Jail without passing Go? Only time will tell if his wealth of experience will translate into the MBA shooting up in the market rankings. But boy oh boy, am I excited to unwrap this real-life game of mortgage mogul Monopoly! Oh and remember, no flipping tables, okay?
Original article: https://www.inman.com/2024/01/17/david-stevens-influential-leader-in-mortgage-finance-dies-at-66/
