CREF Policy Update: CFPB Delays 1071 Reporting Again
CFPB Delays 1071 Reporting Again
Last Wednesday, the Consumer Financial Protection Bureau (CFPB) once again delayed the implementation of the 1071 small business reporting requirements.
• The notice delays implementation by an additional year (with compliance for the highest volume lenders beginning on July 1, 2026), while CFPB plans new rulemaking on the requirements overall.
Why it matters: The rule would require lenders to report if they made 100 or more loans in the previous two years to businesses with annual gross revenues of $5 million or less. Since the rule was issued in 2023, MBA has urged the CFPB to narrow its scope, including an overall exemption for loans to finance income-producing investment properties in the final rule.
• It is well-recognized that investment property lending is a category of lending distinct from small business lending.
What’s next: MBA will continue to advocate for the repeal, or narrowing of the scope, of the required reporting regime, either legislatively or regulatorily.
For more information, please contact Megan Booth at (202) 557-2740.
Fed Keeps Rates Unchanged
The Federal Reserve held the federal funds rate at a target range of 4.25%-4.50% at its latest meeting last Wednesday.
What they’re saying: In a press statement, MBA SVP and Chief Economist Mike Fratantoni said, ““FOMC projections show that members expect both increases in the unemployment rate and inflation through the course of this year. At this point, neither trend warrants a change in the federal funds target. The FOMC statement continues to highlight the high level of uncertainty regarding the economic outlook, which also likely led the Fed to hold to its current policy stance.”
For more information, please contact Mike Fratantoni at (202) 557-2935.
HFSC Hearing Examines Rural Housing Barriers and Opportunities
Recently, the House Financial Services Subcommittee on Housing and Insurance held a bipartisan hearing titled, “Housing in the Heartland: Addressing Our Rural Housing Need.” Lawmakers examined regulatory, financial, and logistical barriers to rural housing development.
Go deeper: Subcommittee members raised concerns about outdated infrastructure, permitting inefficiencies, and staffing shortages at HUD and USDA. Witnesses emphasized the need for expanded access to capital, LIHTC modernization, and greater public-private collaboration.
Why it matters: Rural areas face severe housing shortages, aging housing stock, and increasing climate-related risks. Targeted regulatory reforms and expanded loan and grant tools are essential to ensure capital reaches underserved areas.
What’s next: MBA will continue to advocate for policies that streamline federal program access, modernize rural housing tools, and protect critical funding to expand housing affordability in rural America.
For more information, please contact Rachel Kelley at (202) 557-2816 and/or Madisyn Rhone at (202) 557-2741.
Commercial and Multifamily Mortgage Debt Outstanding Increased in First-Quarter 2025
The level of commercial/multifamily mortgage debt outstanding increased by $46.8 billion (1%) in the first quarter of 2025, according to the MBA’s latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report, released last Tuesday.
What they are saying: “Despite lower origination volumes, the overall level of commercial and multifamily mortgage debt rose in the first quarter of 2025,” said Reggie Booker, MBA’s Associate Vice President of Commercial Real Estate Research. “This increase reflects the extended duration of outstanding loans and the continued appetite for real estate investment across key investor groups.”
Go deeper: Total commercial/multifamily mortgage debt outstanding rose to $4.81 trillion at the end of the first quarter. Multifamily mortgage debt alone increased $19.9 billion (0.9%) to $2.16 trillion from the fourth quarter of 2024.
For more information, please contact Reggie Booker at (202) 557-2863.
[VIDEO] mPower Moments: On the Importance of Having Transferable Skills with Freedom Mortgage’s Shari Senior
During MBA’s Secondary and Capital Markets Conference, mPower Founder Marcia Davies sat down with Shari Senior, SVP of Communications and Events at Freedom Mortgage, for an insightful conversation on her career journey, including her transition into the real estate finance industry.
Go deeper: Senior also discussed the top leadership skills needed to be a successful executive, including “leading by example” and pivoting when an obstacle arises. She also provided helpful advice to young women professionals.
To watch more mPower Moments, click here.
For more information, please contact Marcia Davies at (202) 557-2707.
Register: MBA’s mPact Summit on Aug. 5
Young professionsal, meet us in the nation’s capital for a full day of career development and networking on Tuesday, August 5, 2025. Back by popular demand, this event is built by young professionals in the real estate industry, for young professionals, and focused on helping you get to the next level.
Why it matters: The mPact Summit isn’t just about career tips, it’s about empowerment, connection, and growth! The summit will provide the tools, confidence, and network to thrive and help you become tomorrow’s leaders.
Register now!
For more information, please contact Jacky Salazar at (202) 557-2746.
Upcoming MBA Education Webinars on Critical Industry Issues
MBA Education continues to deliver timely commercial/multifamily and single-family programming that covers the spectrum of challenges, obstacles and solutions pertaining to our industry. Below, please see a list of upcoming and recent webinars – all complimentary to MBA members:
• Decoding Blanket Property Insurance for Commercial and Multifamily Properties – June 26
• Essential Overview of Commercial/Multifamily Business Income Insurance – July 15
• Navigating Coverage and Risk for Commercial Catastrophic Insurance – July 21
• Trends in Commercial Non-Bank Lending: Evolving Strategies & Creating Operational Advantages – Sept. 9
• Fundamentals of Commercial Insurance Issues and Problems – Sept. 18
MBA members can register for any of the above events and view recent webinar recordings by clicking here.
For more information, please contact David Upbin at (202) 557-2931.
