MBA Statement on the U.S. Supreme Court's Decision in CFPB v. CFSAA

MBA's President and CEO Bob Broeksmit, CMB, released the following statement regarding the U.S. Supreme Court's decision yesterday in Consumer Financial Protection Bureau v. Community Financial Services Association of America:
 
"MBA is relieved that the Supreme Court avoided a ruling that would have disrupted the housing and mortgage markets and harmed the economy and consumers. While we frequently disagree with the Bureau on how they interpret or enforce particular rules, a decision that would have invalidated the Bureaus' previous rules could have had severe consequences for single-family and multifamily mortgage markets."

If you would like to review the full text of the decision, it is available here: https://www.supremecourt.gov/opinions/23pdf/22-448_o7jp.pdf