MBA, Trade Groups Urge Treasury to Promote ‘Critical Reforms’ of GSEs

More than 12 years after the federal government placed Fannie Mae and Freddie Mac under conservatorship—and seemingly no closer to moving them out of conservatorship—the Mortgage Bankers Association and several industry trade groups urged the Treasury Department to promote “critical reforms” of the GSEs and bolster their safety and soundness.

MBA, Trade Groups Ask Banking Agencies for TDR Relief

The Mortgage Bankers Association and more than a half-dozen industry trade groups asked federal banking agencies for guidance that loan modifications with terms longer than six months fall within the troubled debt restructuring relief provided by a recent Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working with Customers Affected by the Coronavirus.

MBA Urges FHFA to Extend Current GSE Affordable Housing Goals

The Mortgage Bankers Association, in a letter this week to the Federal Housing Finance Agency, said FHFA should extend current affordable housing goals for Fannie Mae and Freddie Mac, given current economic uncertainty.

Seniors Housing Spotlight

All property types have felt some effects from COVID-19, but seniors housing is a special case. It has seen a variety of impacts including in occupancy rates and expenses.

CREF Highlights

Commercial and multifamily developments and activities from MBA relevant to your business and our industry.

MBA Opens Doors Foundation Sees Increase in Grant Applications

The MBA Opens Doors Foundation, which helps families around the country stay in their homes while a child is being treated for a critical illness or injury, is seeing an increase in grant applications from families in need. Here’s how you can help.

CREF Highlights

Commercial and multifamily developments and activities from MBA relevant to your business and our industry.