The Mortgage Bankers Association weighed in with the Senate Committee on Banking, Housing and Urban Affairs last week regarding challenges in the property insurance market and their impact on consumers.
Tag: Bill Killmer

CREF Policy Update: May 4, 2023
On Apr. 28, the House Financial Services Committee advanced H.R. 2798, the CFPB Transparency and Accountability Reform Act.

MBA Mortgage Action Alliance Call to Action Urges Support for Affordable Housing Legislation
The MBA Mortgage Action Alliance issued a Call to Action, urging its members to contact their members of Congress in support of bipartisan, bicameral legislation designed to improve, expand, and create tax credit programs that increase affordable housing supply for renters, homeowners and buyers.

MBA CREF Policy Update Aug. 11 2022
The Senate was in session last week, as negotiations continued on a tax and spending deal (including the capital gains treatment of “carried interest”), and the Senate Banking Committee held separate hearings on climate change, and how communities and renters are faring in the housing market, respectively.

CREF Policy Update: July 14, 2022
MBA and ACLI submitted a proposal last week to the NAIC to harmonize the life risk-based capital treatment of non-performing mortgages with the 2021 changes to the treatment of real estate investments. Also last week, MBA issued a white paper examining how climate change is dramatically reshaping lenders’ and policymakers’ approaches to the U.S. residential and commercial real estate markets.

CREF Policy Update July 7, 2022
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.

CREF Policy Update May 12 2022
On Thursday, the OCC, Federal Reserve and FDIC issued a joint notice of proposed rulemaking overhauling Community Reinvestment Act regulations. On May 4, the Federal Reserve – in a widely expected move – raised the benchmark federal funds rate and indicated plans for more 50-basis-point rate hikes in upcoming meetings.

MBA, Trade Groups Urge Fairness on ‘Carried Interest;’ Support for ‘INVEST in America’ Bill
The Mortgage Bankers Association and more than a dozen industry trade groups warned Congress that legislation and a separate Biden Administration proposal to change longstanding tax laws on “carried interest” could have damaging implications for Americans who use partnerships to develop, own and operate real estate.

Mortgage Action Alliance ‘Call to Action’ Urges Congress to Act on Liquidity Facility
The Mortgage Action Alliance, the grassroots advocacy arm of the Mortgage Bankers Association, issued a ‘Call to Action’ on Friday, urging its members to contact their members of Congress to support legislation that would provide lenders and servicers with liquidity support.

‘Yes’ in My Back Yard: House Passes MBA-Supported Affordable Housing Bills
The House on Tuesday passed two affordable housing bills that had strong support from the Mortgage Bankers Association.