MBA Advocacy Update Aug. 2 2021
On Tuesday, the Conference of State Bank Supervisors finalized its model state regulatory prudential standards for IMB servicers. Also last week, the House passed a number of Fiscal Year 2022 funding “minibus” bills, including one containing robust funding for HUD. And Thursday, the House Financial Services Committee passed H.R. 4616, a LIBOR transition proposal, by voice vote.
J.D. Power: Mortgage Servicers Get High Marks; Nonbanks Gain Traction
J.D. Power, Troy, Mich., said mortgage servicers earned high levels of customer satisfaction during the pandemic, but warned as loan forbearance programs come to an end and more normalized customer interactions resume, traditional banks are starting to lose their edge over non-bank lenders.
MBA Chart of the Week Aug. 2, 2021: HMDA Respondents
A total of 4,309 companies reported lending activity under the Home Mortgage Disclosure Act in 2020, according to MBA’s own analyses of the dataset.
The Week Ahead Aug. 2, 2021: Five Things to Watch
Good morning! Welcome to the first week of August. While traditionally a “quiet” period here in Washington, as of late that term seems relative. Here are five topics we’re keeping an eye on:
