On Wednesday, the Federal Housing Finance Agency announced a 90-day delay in the effective date of the new Loan Level Price Adjustments for certain borrowers with debt-to-income ratios above 40 percent. The new effective date will be for deliveries on or after August 1.
Tag: Bill Killmer
MBA Advocacy Update Monday Mar. 13, 2023
On Wednesday, HUD announced a final rule increasing the maximum allowable term for Federal Housing Administration-insured loan modifications from 360 months to 480 months.
MBA Advocacy Update Monday Mar. 13, 2023
On Wednesday, HUD announced a final rule increasing the maximum allowable term for Federal Housing Administration-insured loan modifications from 360 months to 480 months.
MBA Advocacy Update, Mar. 6, 2023
The Supreme Court said it would consider the Consumer Financial Protection Bureau’s appeal of the Fifth Circuit Court of Appeals decision in CFSA v. CFPB – in connection to its Payday Lending Rule – over the constitutionality of the Bureau’s funding mechanism.
House Passes MBA-Supported Federal RON Bill
The House on Monday passed an MBA-supported bill that would create minimum federal standards to complement more than 40 current state remote online notarization laws.
House Passes MBA-Supported Federal RON Bill
The House on Monday passed an MBA-supported bill that would create minimum federal standards to complement more than 40 current state remote online notarization laws.
MBA Advocacy Update Feb. 27 2023
On Tuesday, HUD announced a 30-basis-point reduction to the annual Mortgage Insurance Premium for Federal Housing Administration-insured loans. The action addresses a top MBA advocacy priority since 2021.
MBA Advocacy Update Feb. 27 2023
On Tuesday, HUD announced a 30-basis-point reduction to the annual Mortgage Insurance Premium for Federal Housing Administration-insured loans. The action addresses a top MBA advocacy priority since 2021.
MBA Advocacy Update Feb. 21, 2023
Last week, MBA joined 10 other trade associations in a letter to the Securities and Exchange Commission requesting an extension to the recently re-proposed Securitization Conflicts of Interest Rule.
MBA Mortgage Action Alliance Call to Action Seeks Flexibility in HUD Multifamily Mortgage Insurance Programs
The Mortgage Action Alliance, the grassroots advocacy arm of the Mortgage Bankers Association, issued a Call to Action this week, urging its members to urge Congress to support the need for HUD to provide greater flexibility in its policies for FHA multifamily mortgage insurance programs.