In a recent statement, Mortgage Bankers Association (MBA) President and CEO Bob Broeksmit expressed strong opposition to rent control policies, labeling them as failed. Broeksmit’s remarks highlight a growing sentiment within the industry against government intervention in setting rent caps.

Key points:
– MBA President and CEO Bob Broeksmit criticizes rent control policies as ineffective
– Industry professionals voice opposition to government-mandated rent caps
– Concerns raised about the impact of rent control on the real estate market and investor confidence

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