MBA Advocacy Update July 26 2021

On Friday, the Biden administration announced an expansion of COVID-19 mortgage loan modification options for FHA, VA and USDA borrowers who are unable to resume their mortgage payments after exiting forbearance.

MBA MAA ‘Call to Action’ on GSE ‘G-Fees’

The Mortgage Bankers Association’s grassroots advocacy arm, the Mortgage Action Alliance, issued a ‘Call to Action’ on Monday to its 70,000-plus members urging them to tell their elected officials to not use government-sponsored enterprise guaranty fees (g-fees) as a source of funding offsets.

MBA Advocacy Update Week of July 26 2021

On Friday, the Biden administration announced an expansion of COVID-19 mortgage loan modification options for FHA, VA and USDA borrowers who are unable to resume their mortgage payments after exiting forbearance.

MBA Advocacy Update July 26 2021

On Friday, the Biden administration announced an expansion of COVID-19 mortgage loan modification options for FHA, VA and USDA borrowers who are unable to resume their mortgage payments after exiting forbearance.

MBA Advocacy Update July 19, 2021

Last Friday, FHFA announced the removal of the GSEs’ 50-basis-point adverse market fee in response to both industry advocacy and improved market conditions.

MBA Advocacy Update July 12, 2021

MBA submitted recommendations to FHFA last week with respect to the GSEs’ policies addressing eligibility of condominium projects that include short-term rentals. Also last week, Ginnie Mae announced it will continue current measures that allow for the electronic execution and transmission of form HUD 11711A (Release of Security Interest) and form HUD 11711B (Certification and Agreement).

MBA Advocacy Update July 12, 2021

MBA submitted recommendations to FHFA last week with respect to the GSEs’ policies addressing eligibility of condominium projects that include short-term rentals. Also last week, Ginnie Mae announced it will continue current measures that allow for the electronic execution and transmission of form HUD 11711A (Release of Security Interest) and form HUD 11711B (Certification and Agreement).

MBA Advocacy Update July 6 2021

The CFPB released its final rule amending select requirements of Regulation X to assist borrowers impacted by COVID-19. Also last week, MBA President and CEO Bob Broeksmit, CMB, sent a letter to the leaders of the National Governors Association and CSBS to ask for their assistance in addressing the challenges MBA member companies face as they attempt to reopen their offices.