On this week’s episode of The Big Picture, Rich and Rob welcomed Pete Mills, SVP of Residential Policy and Strategic Industry Engagement at the MBA, for a timely discussion on housing policy, political gridlock, and what lenders really need to know heading into an election year.
Pete gave a clear-eyed breakdown of the legislative headwinds in D.C.—from the slim chances of housing-focused bills passing before November, to how the current political climate is shaping FHFA priorities, credit scoring drama, and GSE oversight. If you’ve been wondering why FICO 10T was left out of the latest FHFA update, Pete has thoughts.
We also explored the growing role of advocacy at the state level, how MBA’s Mortgage Action Alliance is driving grassroots momentum, and why engaging with lawmakers (yes, even the hard-to-reach ones) is more critical than ever.
Equal parts policy primer and real-talk strategy session, this episode is a must-listen for anyone navigating today’s mortgage landscape.
