MBA Selects Philadelphia as its Third CONVERGENCE City
The Mortgage Bankers Association selected Philadelphia as the site for its next CONVERGENCE initiative, a place-based partnership focused on narrowing the racial homeownership gap. CONVERGENCE Philadelphia will launch in early 2023, joining CONVERGENCE initiatives in Memphis, Tenn., and Columbus, Ohio.
MBA Advocacy Update Tuesday June 21, 2022
On Wednesday, FHFA published its 2021 Annual Report to Congress, which provides details on the Agency’s activities over the course of the past year, including its actions as conservator of Fannie Mae and Freddie Mac.
MBA Letter Offers SEC Recommendations on Climate-Related Risk, Greenhouse Gas Emissions
The letter expresses MBA’s view that the proposed rule is not necessary to achieve the SEC’s objective of ensuring investors are provided with decision-useful information about climate-related financial risks, noting public companies already are required to disclose material information.
MBA, NFHA Launch Online Toolkit for Special Purpose Credit Programs in Underserved Communities
The Mortgage Bankers Association and National Fair Housing Alliance announced a new online toolkit for mortgage lenders interested in developing Special Purpose Credit Programs, which permit lenders to offer mortgage credit to economically and socially disadvantaged borrowers and are an important tool for ensuring financial institutions can meet the needs of their consumers.
MBA Chart of the Week June 17 2022: Federal Reserve Projections
The Federal Reserve is racing to catch up to economic events, announcing a 75-basis-point increase in the federal funds rate and signaling more increases following last week’s FOMC meeting.
The Week Ahead, June 21, 2022: MBA Spring Meetings Conclude; Mr. Powell Goes to Capitol Hill; and 3 Other Things to Know
Good morning and happy Tuesday! We hope you had a safe and happy Juneteenth holiday. Now, let’s talk about what’s happening this week:
