Robert D. Broeksmit, CMB, President & CEO of the Mortgage Bankers Association, issued the following statement congratulating Joseph R. Biden Jr. on his election as the 46th President of the United States.

"On behalf of the Mortgage Bankers Association, I congratulate Joe Biden on being elected President of the United States. MBA looks forward to working with President-elect Biden, Vice President-elect Harris, his administration, and the new Congress on the wide variety of issues impacting borrowers, renters, and commercial lenders and property owners. This includes access to affordable housing for all Americans; helping first-time homebuyers enter the market; assisting owners, renters, and landlords negatively affected by the COVID-19 pandemic; and ensuring liquidity and a level playing field for lenders and borrowers alike.

"The housing market continues to be a bright spot in the current economy, which is why it's critical to support policies and initiatives that ensure its success, while at the same time maintaining a fair and transparent regulatory environment that protects all participants."