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.

Mortgage Applications Decrease in MBA Weekly Survey

Mortgage applications decreased 5.1 percent from one week earlier, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending July 31.

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.

FHA Proposes Streamlined Single-Family Servicing Policies; CFPB Touts Benefits of Credit Builder Loans

The Federal Housing Administration this week published proposed revisions to its Single-Family servicing policies, designed to remove “unnecessary barriers” for homeowners seeking mortgage payment relief, achieve operational consistency with industry standard best practices and reduce burdens incurred by the industry when servicing an FHA-insured mortgage portfolio.

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.

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.

FHA Issues Temporary Waiver Suspending Early Payment Default Reviews

The Federal Housing Administration on Monday issued a temporary waiver of its Single-Family Housing Policy Handbook 4000.1 to temporarily suspend the requirement that mortgagees select and review all Early Payment Defaults on a monthly basis.

FHA Issues Temporary Waiver Suspending Early Payment Default Reviews

The Federal Housing Administration yesterday issued a temporary waiver of its Single Family Housing Policy Handbook4000.1 to temporarily suspend the requirement that mortgagees select and review all Early Payment Defaults on a monthly basis.