On Thursday, the House Financial Services Committee passed legislation along party lines that includes key housing provisions of President Biden’s $1.9 trillion American Rescue Plan. On Tuesday, the Federal Housing Finance Agency extended its foreclosure and eviction moratorium for Enterprise-backed, single-family mortgages and REO properties through March 31. FHFA also announced it would extend GSE origination flexibilities through March 31.
Tag: Bill Killmer
MBA Letter Outlines Fiscal 2021 Budget Priorities
The Mortgage Bankers Association, in a Feb. 10 letter to the House Financial Services Committee, outlined several priorities it supports as the committee wrestles with its markup of the federal government’s fiscal 2021 budget.
MBA Advocacy Update Feb. 8 2021
On Tuesday, MBA, along with several trade organizations, submitted a letter to the Office of the Comptroller of the Currency responding to its approach to the Community Reinvestment Act. On Thursday, the House Financial Services Committee held a hearing on the next COVID-19 relief legislation. And the Senate Banking Committee approved Rep. Marcia Fudge’s nomination to be HUD secretary.
MBA Advocacy Update Feb. 2 2021
On Jan. 28, the Senate Banking Committee conducted a hearing on the nomination of Rep. Marcia Fudge (D-OH) to serve as the next HUD Secretary. Also last week, Senz. Ben Cardin (D-MD) and Rob Portman (R-OH) introduced S. 98, the Neighborhood Homes Investment Act, a bill that would create a new federal tax credit to fuel development in underserved rural and urban communities across the country.
Mortgage Action Alliance Issues Call to Action on Senate Federal Tax Credit Bill
The Mortgage Bankers Association’s grassroots advocacy arm, the Mortgage Action Alliance, issued a Call to Action Friday in support of recently introduced legislation to create a federal tax credit to fuel development.
MBA Advocacy Update Feb. 1 2021
On Jan. 28, the Senate Banking Committee conducted a hearing on the nomination of Rep. Marcia Fudge (D-OH) to serve as the next HUD Secretary. Also last week, Senz. Ben Cardin (D-MD) and Rob Portman (R-OH) introduced S. 98, the Neighborhood Homes Investment Act, a bill that would create a new federal tax credit to fuel development in underserved rural and urban communities across the country.
MBA Advocacy Update, Jan. 25, 2021
On Wednesday, HUD issued a waiver allowing FHA to insure loans to borrowers with residency under the DACA program. And on Tuesday, FHFA issued an RFI on risks posed by climate change and natural disasters to Fannie Mae, Freddie Mac, the Federal Home Loan Banks and the broader housing finance system.
MBA Advocacy Update, Jan. 25, 2021
On Wednesday, HUD issued a waiver allowing FHA to insure loans to borrowers with residency under the DACA program. And on Tuesday, FHFA issued an RFI on risks posed by climate change and natural disasters to Fannie Mae, Freddie Mac, the Federal Home Loan Banks and the broader housing finance system.
MBA Advocacy Update: Jan. 20, 2021
With congressional majorities now settled and the Biden-Harris Inauguration Day looming, on Thursday the Treasury Department and the Federal Housing Finance Agency released an amendment to the Preferred Stock Purchase Agreements governing the conservatorships of Fannie Mae and Freddie Mac. Importantly, the revisions do not call for the premature release of the GSEs from conservatorship, heeding the concerns MBA had raised in recent weeks about potential market disruptions from a rushed exit.
MBA Advocacy Update
With congressional majorities now settled and the Biden-Harris Inauguration Day looming, on Thursday the Treasury Department and the Federal Housing Finance Agency released an amendment to the Preferred Stock Purchase Agreements governing the conservatorships of Fannie Mae and Freddie Mac. Importantly, the revisions do not call for the premature release of the GSEs from conservatorship, heeding the concerns MBA had raised in recent weeks about potential market disruptions from a rushed exit.