Treasury Department Issues Guidance to Increase Affordable Housing Supply

The Treasury Department issued new guidance Wednesday to increase state, local and tribal governments’ ability to use American Rescue Plan funds to increase affordable housing. The Mortgage Bankers Association commended the Biden administration for its commitment to addressing the ongoing housing shortage.

Treasury Department Releases Revised Rental Assistance FAQs

Last week the United States Department of Treasury released a revised set of frequently asked questions regarding the Emergency Rental Assistance program available for residential tenants. The guidance is intended to speed up the distribution of rental assistance funding to tenants and landlords in need.

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 Urges Feds to Take Immediate Further Steps on Market Stabilization, Liquidity

The Mortgage Bankers Association on Sunday asked the Treasury Department and the Federal Reserve to take immediate further actions ensure orderly functioning of the housing finance market in response to the “extreme volatility” in financial markets arising from the spread of the coronavirus.

MBA, Trade Groups Ask Treasury to Delay Like-Kind Exchange Deadlines

The Mortgage Bankers Association and other industry trade groups asked the Treasury Department and the Internal Revenue Service to delay deadlines applicable to like-kind exchanges currently underway to ensure liquidity in real estate markets during the coronavirus pandemic.