In this insightful episode of Lykken on Lending, David Lykken is joined by Pete Mills and Justin Wiseman of the Mortgage Bankers Association (MBA) to unpack some of the most pressing issues facing the housing finance industry. From the long-debated release of Fannie Mae and Freddie Mac from conservatorship to the push for single-file credit scores and the evolving fate of the CFPB, this conversation delivers a comprehensive look at how policy, advocacy, and regulatory reform intersect. Whether you’re a lender, policymaker, or just industry-curious, this episode offers critical clarity on the complex forces shaping the future of mortgage lending.
Important links:
- MBA website
- A blog article about Single Credit Report
- LinkedIn – Pete Mills
- LinkedIn – Justin Wiseman
About the guests:
Pete Mills is Senior Vice President of Residential Policy and Strategic Industry Engagement at the Mortgage Bankers Association (MBA). In this position, he leads MBA’s residential policy team and state and local advocacy program, and directs MBA’s residential member engagement efforts across the MBA value platform.
Mills is an experienced financial services industry executive with more than 30 years of expertise in public affairs, government relations, public policy and research, all in the housing and mortgage finance arena. Prior to joining MBA, he served as Managing Director and co-founder of the Community Mortgage Banking Project, a public policy organization that represented the interests of companies and coalitions involved in the housing and mortgage finance industries. During his career, Mills lead corporate public affairs for Countrywide Financial, managed trade association policy advocacy for the California Mortgage Bankers Association and the California Association of Realtors, and conducted housing policy research at the Federal Reserve Board. He has a BA in Economics from the University of California at Berkeley, where he graduated with distinction in 1982.
Justin Wiseman is the Vice President for Residential Policy and Managing Regulatory Counsel at MBA. He is responsible for leading MBA’s residential policy efforts to cover compliance, origination, capital markets and servicing issues. Wiseman has served in various roles since joining MBA in 2012, first as Associate Regulatory Counsel and Director of Loan Administration Policy Associate Vice President, Managing Regulatory Counsel. Wiseman oversees the association’s legal and regulatory issues for loan production, servicing, pending rules and legislation, and leads the amicus brief program.
Prior to MBA, Wiseman clerked for the federal District Court in the Middle District of Tennessee and worked with the Center for Strategic and International Studies on European and Transatlantic security issues. Wiseman is a graduate of Emory University School of Law and Dartmouth College.