“In this whirlwind of dramatic change–whether a slew of executive orders or landmark legislation coming down the road, MBA is not hanging back and waiting to see how this will play out,” MBA President and CEO Bob Broeksmit, CMB, said at MBA’s National Advocacy Conference.
Tag: CFPB
MBA Sends Letter to Senate Banking Committee on CFPB Director Nominee Jonathan McKernan
The Mortgage Bankers Association sent a letter to Senate Banking Committee leadership to express the real estate finance industry’s strong support for the nomination of Jonathan McKernan to be the next Director of the Consumer Financial Protection Bureau.
MBA Statement on the Nomination of Jonathan McKernan as CFPB Director
MBA’s President and CEO Bob Broeksmit, CMB, released a statement on Jonathan McKernan’s nomination to serve as Director of the Consumer Financial Protection Bureau (CFPB).
What’s Next in Washington? Industry Leaders Weigh In
DALLAS–“From HUD to CFPB to the chairs of key committees on Capitol Hill, MBA is bracing for big change,” said Mortgage Bankers Association President and CEO Bob Broeksmit, CMB, in a session on post-election analysis at MBA’s 2025 Servicing Solutions Conference & Expo.
MBA Calls on CFPB to Delay Effective Dates of Registry of Nonbank Covered Persons
In light of President Trump’s “Regulatory Freeze Pending Review” executive order issued last week, the Mortgage Bankers Association asked the CFPB to postpone for 60 days the effective compliance dates for entities subject to its Nonbank Registration Regulation issued on June 3, 2024.
MBA and State MBAs, Consumer Advocates Welcome Long-Awaited Rule on PACE Loans
The Mortgage Bankers Association and National Consumer Law Center, along with the California Mortgage Bankers Association, Housing Policy Council, Jacksonville Area Legal Aid, Mortgage Bankers Association of Missouri, Mortgage Bankers Association of Florida, and Public Counsel of California issued the following joint statement in response to the Consumer Financial Protection Bureau’s final rule on consumer protections for residential Property Assessed Clean Energy (PACE) loans.
CFPB Reports Significant Drop in Mortgage Applications, Originations in 2023
The Consumer Financial Protection Bureau, Washington, D.C., found a significant decline in mortgage lending activities during 2023. Loan applications and originations dropped by nearly one-third from 2022.
Mortgage Servicing: Getting Reg X Reform Right is a Top Priority for Next Year
Preventing foreclosures requires active collaboration between servicers and homeowners.
Mortgage Servicing: Getting Reg X Reform Right is a Top Priority for Next Year
Preventing foreclosures requires active collaboration between servicers and homeowners.
Panel Highlights Recommendations for Changes to RESPA Section 8
DENVER–Fifty years after the passage of the Real Estate Settlement Procedures Act, reforms and clarifications are needed, a panel said at the Mortgage Bankers Association’s Annual Convention & Expo Oct. 28.