The Mortgage Bankers Association strongly urged federal policymakers to vote against a proposed Notice of Proposed Rulemaking implementing the Basel III “endgame” rule, which is set for consideration on July 27.
The rule is expected to impose a 15 to 20 percent increase in capital requirements for larger institutions.
The Consumer Financial Protection Bureau last Thursday issued a final rule that would require some lenders to collect and report information about small business credit applications they receive, including geographic/demographic data, lending decisions and the price of credit.
The Consumer Financial Protection Bureau said yesterday it does not intend to “initiate enforcement actions or cite Home Mortgage Disclosure Act violations for failures to report closed-end mortgage data collected in 2022, 2021, and 2020” for covered institutions that originated at least 25 closed-end loans, but less than 100 closed-end loans in each of the previous two calendar years.
As the July 31 federal eviction moratorium expiration approaches, the Biden Administration, Consumer Financial Protection Bureau, Mortgage Bankers Association and industry groups are working together to inform apartment owners and renters about the rental assistance programs available to them.
The Centers for Disease Control and Prevention announced this week an extension to the eviction moratorium further preventing the eviction of tenants who are unable to make rental payments. The moratorium that was scheduled to expire on March 31 is now extended through June 30.
