The Mortgage Bankers Association called on Monday for the creation of a National Housing Director position, citing the need to streamline housing policy amid growing regulatory hurdles and political uncertainty.

Speaking at the MBA’s Annual Convention in Denver, CEO Bob Broeksmit pushed for centralized oversight of the nation’s housing policies. “Someone has to bring order to this mess,” Broeksmit said. “Under our proposal, a Housing Director would focus solely on housing and oversee every housing policy, no matter which agency it comes from and spot contradictory rules from a mile away.”

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According to HousingWire, the proposal comes as the mortgage industry braces for potential “gridlock” following the upcoming presidential election. Broeksmit predicted a divided government, with at least one chamber of Congress likely controlled by the opposition party.

The political landscape could shift more power to regulatory agencies like the Federal Housing Finance Agency and Consumer Financial Protection Bureau as legislative solutions become harder to achieve. “While the stream of regulation will continue, the kind of regulation depends on who wins,” Broeksmit said.

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According to the HousingWire report, the MBA has recently notched several policy victories, including stopping the FHFA’s proposed Suspended Counterparty Program and helping reshape the Basel III Endgame Rules, which Broeksmit called “a disaster in the making” for low-to-moderate income lending.

Despite the sharp differences between the presidential candidates, Broeksmit sees housing remaining a priority. “For all their differences, both Donald Trump and Kamala Harris will focus on housing,” he said. “Both of them have said we need to get prices under control. They’re also clearly aware that we need more affordable units for purchase and rent.”

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Harris proposals: According to previous Benzinga reporting, Harris plans to expand access to affordable housing through a $25,000 down payment assistance program for first-time buyers and tax incentives to encourage housing development. Her campaign promises to add 3 million housing units by accelerating federal funds for cities that streamline zoning and construction.

Trump proposals: Trump’s proposals focus on creating tax incentives for homebuyers and reducing housing costs by cutting regulations. He also advocates using federal land for residential construction and claims that controlling inflation will help make homeownership more affordable.

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The MBA expects mortgage rates to remain between 6% and 6.5% through year-end before settling in the high 5% range by late 2025.

The organization also plans to advocate for extending key provisions of the 2017 Tax Cuts and Jobs Act, which expire in 2025.

“If we truly want to help more Americans find affordable housing, the last thing we should do is raise their taxes,” Broeksmit said.

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