In the wake of new directive by Fannie Mae and Freddie Mac to impose a 50 basis point “Adverse Market Refinance Fee” on most refinance mortgages, effective Sept. 1, the Mortgage Bankers Association’s grassroots advocacy arm, the Mortgage Action Alliance, issued a ‘Call to Action’ urging its 50,000 members to contact their members of Congress and the Federal Housing Finance Agency to roll back the directive.
Tag: Bill Killmer
MBA Advocacy Update Aug. 10, 2020
As congressional leaders and the administration remain deadlocked in negotiations on the next potential COVID-19 relief package, MBA’s advocacy on key federal regulatory and state-based actions has continued.
MBA Advocacy Update Aug. 10, 2020
As congressional leaders and the administration remain deadlocked in negotiations on the next potential COVID-19 relief package, MBA’s advocacy on key federal regulatory and state-based actions has continued.
MBA Advocacy Update
Last Monday, Senate Republicans released the HEALS Act – an additional COVID-19 relief package that includes direct stimulus payments and updates to the SBA’s Payment Protection Program. On Wednesday, the Federal Housing Finance Agency announced temporary adjustments to the Duty to Serve program for 2020 and 2021. Also last week, the Senate confirmed Dana Wade to be the next FHA Commissioner by a 57-40 vote.
Senate Confirms Dana Wade as FHA Commissioner
he Senate yesterday confirmed Dana Wade as FHA Commissioner by a 57-40 vote. The Mortgage Bankers Association strongly supported Wade’s nomination.
MBA Advocacy Update
As Congress returned to begin working on the preliminary contours of another COVID-19 relief and response package, the Federal Housing Finance Agency proposed its 2021 housing goals for Fannie Mae and Freddie Mac, specifying both the single-family and multifamily mortgage purchase benchmarks for low-income borrowers or borrowers residing in low-income areas.
MBA Advocacy Update
As Congress returned to begin working on the preliminary contours of another COVID-19 relief and response package, the Federal Housing Finance Agency proposed its 2021 housing goals for Fannie Mae and Freddie Mac, specifying both the single-family and multifamily mortgage purchase benchmarks for low-income borrowers or borrowers residing in low-income areas.
MBA Advocacy Update
Last Thursday MBA asked HUD to withhold publication of its final disparate impact rule and to bring the housing, lending and civil rights communities together for renewed discussions about how to address the wide housing and wealth gaps faced by communities of color.
MBA Advocacy Update
Last Thursday MBA asked HUD to withhold publication of its final disparate impact rule and to bring the housing, lending and civil rights communities together for renewed discussions about how to address the wide housing and wealth gaps faced by communities of color.
MBA Urges House to Support FY2021 T-HUD Priorities
The Mortgage Bankers Association, in a July 14 letter to House leadership, urged the House to approve key industry-supported provisions for FHA in the federal government’s fiscal 2021 proposed budget.