The Mortgage Bankers Association, in a May 12 letter to House Financial Services Committee leadership, expressed concerns with two bills currently under the Committee’s consideration and offered recommendations to improve those bills.
Tag: Bill Killmer
MBA Advocacy Update May 10, 2021
On Wednesday, Fannie Mae and Freddie Mac published a lender letter and bulletin, respectively, providing more details on the new refinancing option for low-income borrowers announced last week by FHFA. Also last week, FHFA announced finalization of a proposed rule that would require the GSEs to develop resolution plans, or “living wills.”
MBA Advocacy Update May 10, 2021
On Wednesday, Fannie Mae and Freddie Mac published a lender letter and bulletin, respectively, providing more details on the new refinancing option for low-income borrowers announced last week by FHFA. Also last week, FHFA announced finalization of a proposed rule that would require the GSEs to develop resolution plans, or “living wills.”
MBA Advocacy Update Apr. 26, 2021
On Wednesday, the 11th Circuit Court ruled that using a vendor to generate a letter to a debtor violated the FDCPA’s prohibition on disclosing a consumer’s debt to a third party. Also last week, the House passed H.R. 1395, the Housing Financial Literacy Act of 2021, and H.R. 1532, the Improving FHA Support for Small-Dollar Mortgages Act of 2021.
MBA Advocacy Update Apr. 26, 2021
On Wednesday, the 11th Circuit Court ruled that using a vendor to generate a letter to a debtor violated the FDCPA’s prohibition on disclosing a consumer’s debt to a third party. Also last week, the House passed H.R. 1395, the Housing Financial Literacy Act of 2021, and H.R. 1532, the Improving FHA Support for Small-Dollar Mortgages Act of 2021.
MBA Letter Outlines Support, Concerns for Housing-Related Bills
Ahead of a House Financial Services Committee markup session Tuesday, the Mortgage Bankers Association sent a letter expressing support–and concern–for several bills under the Committee’s consideration.
MBA Advocacy Update: Apr. 19, 2021
On Thursday, the House Financial Services Committee held hearings on the LIBOR transition and laying the groundwork for parts of President Biden’s $2 trillion infrastructure proposal. MBA also issued a MAA Call to Action last week in response to the implementation of the product caps placed on Fannie Mae and Freddie Mac by the Senior Preferred Stock Purchase Agreements.
MBA Mortgage Action Alliance Call to Action Urges Flexibility on GSE Purchase Caps
The Mortgage Bankers Association’s grassroots advocacy arm, the Mortgage Action Alliance, issued a Call to Action yesterday, asking its members contact their members of Congress to allow flexibility in implementation of new purchase caps placed on Fannie Mae and Freddie Mac.
MBA Advocacy Update Apr. 12, 2021
On Friday, the Biden administration released the top-line framework for the President’s Fiscal Year 2022 budget proposal. On Monday, MBA sent a letter to the CFPB in response to its proposal to delay the mandatory compliance date for the new General QM rule. And this week, MBA President and CEO Bob Broeksmit, CMB, penned an op-ed highlighting the industry’s efforts during the COVID-19 pandemic.
MBA Advocacy Update Apr. 5, 2021
On Wednesday, President Joe Biden unveiled a $2.3 trillion infrastructure proposal known as the American Jobs Plan, which centers on investing in infrastructure, affordable housing, and green energy – and employs tax policy changes to partially fund the ambitious set of proposed initiatives. On Thursday, the U.S. Supreme Court issued its opinion in Facebook v. Duguid, a dispute concerning the scope of the TCPA’s automatic telephone dialing system definition.