On Wednesday, FHFA and Ginnie Mae jointly released their long-awaited final capital, liquidity, and net worth requirements for sellers and servicers of loans backed by the GSEs and Ginnie Mae issuers. Also last week, the author of legislation in California (SB1323), that would have created a byzantine new foreclosure process for residential properties that have more than 10% equity withdrew his bill from Assembly floor consideration.
Tag: Bill Killmer
MBA Advocacy Update Aug. 22 2022
On Wednesday, FHFA and Ginnie Mae jointly released their long-awaited final capital, liquidity, and net worth requirements for sellers and servicers of loans backed by the GSEs and Ginnie Mae issuers. Also last week, the author of legislation in California (SB1323), that would have created a byzantine new foreclosure process for residential properties that have more than 10% equity withdrew his bill from Assembly floor consideration.
MBA Advocacy Update Aug. 15, 2022: House Passes Inflation Reduction Act of 2022
On Tuesday, FHFA announced Fannie Mae and Freddie Mac will require servicers to obtain and maintain fair lending data on their loans. Last Friday, MBA submitted its comment letter to federal regulatory banking agencies on the Community Reinvestment Act. And the House approved the Senate’s amended substitute to H.R. 5376, now known as the Inflation Reduction Act.
MBA Advocacy Update Aug. 15, 2022: House Passes Inflation Reduction Act of 2022
On Tuesday, FHFA announced Fannie Mae and Freddie Mac will require servicers to obtain and maintain fair lending data on their loans. Last Friday, MBA submitted its comment letter to federal regulatory banking agencies on the Community Reinvestment Act. And the House approved the Senate’s amended substitute to H.R. 5376, now known as the Inflation Reduction Act.
MBA Advocacy Update Aug. 8 2022: Senate Passes Reconciliation Package
The Senate on Sunday passed a $740 billion reconciliation package. And last Monday, the VA released Circular 26-22-13, implementing new appraisal procedures for VA purchase loans.
MBA Advocacy Update Aug. 8 2022: Senate Passes Reconciliation Package
The Senate on Sunday passed a $740 billion reconciliation package. And last Monday, the VA released Circular 26-22-13, implementing new appraisal procedures for VA purchase loans.
MBA Mortgage Action Alliance Call to Action Urges Senate Approval of RON Bill
Fresh off its victory last week, in which the House overwhelmingly approved legislation allowing notaries to perform Remote Online Notarization transactions nationwide, the MBA Mortgage Action Alliance set its sights on the next step: approval by the Senate.
MBA Mortgage Action Alliance Call to Action Urges Senate Approval of RON Bill
Fresh off its victory last week, in which the House overwhelmingly approved legislation allowing notaries to perform Remote Online Notarization transactions nationwide, the MBA Mortgage Action Alliance set its sights on the next step: approval by the Senate.
MBA Advocacy Update Aug. 1, 2022
Activities of note on Capitol Hill:
Last Wednesday night, Senator Joe Manchin, D-W.V., Senate Majority Leader Chuck Schumer, D-N.Y., and the White House reached agreement on a $740 billion reconciliation package, giving Senate Democrats another chance to enact broad climate and tax code changes before the end of Fiscal Year 2022.
MBA Advocacy Update Aug. 1, 2022
Activities of note on Capitol Hill:
Last Wednesday night, Senator Joe Manchin, D-W.V., Senate Majority Leader Chuck Schumer, D-N.Y., and the White House reached agreement on a $740 billion reconciliation package, giving Senate Democrats another chance to enact broad climate and tax code changes before the end of Fiscal Year 2022.