MBA Sends Senate Leadership Letter on Needed Refinements to ROAD to Housing Act
The Mortgage Bankers Association sent a letter to Senate and Senate Banking committee leadership outlining some industry concerns about the 21st Century ROAD to Housing Act.
“MBA supported both individual proposals (S. 2651 and H.R. 6644, respectively) that led to the formation of the current bill (H.R. 6644, as amended) now progressing through the full Senate. As you continue debate on the package in its current form, MBA asks that you consider our views regarding specific sections of the legislation and, in several instances, act to further refine and improve the legislation,” the letter stated, and outlined a number of suggestions on a variety of provisions.
“MBA had hoped to enthusiastically support the ANS to the 21st Century ROAD to Housing package, as the proposal contains many beneficial reforms long supported by the association. However, for the reasons indicated above, MBA cannot yet support the full ANS in its current form,” it stated. “We urge the Senate and the administration to continue working with the House to further refine and improve this important legislation.”
Click here to see the letter or read it below
