The Financial Stability Oversight Council issued its 2019 Annual Report, which outlines “significant financial market and regulatory developments” and “potential emerging threats to U.S. financial stability.”
Tag: LIBOR
MBA Advocacy Update
Last Friday, MBA President and CEO Bob Broeksmit, CMB, attended a White House meeting chaired by HUD Secretary Ben Carson and attended by other senior administration officials and key industry stakeholders to discuss housing affordability. And on Monday, the Federal Housing Finance Agency announced it is seeking comment on pooling practices for Fannie Mae and Freddie Mac in the Uniform Mortgage-Backed Securities market.
MBA Advocacy Update
This past Monday, President Trump announced that he intends to nominate Federal Housing Administration (FHA) Commissioner Brian Montgomery to be the next Deputy Secretary of the U.S. Department of Housing and Urban Development (HUD). Also, President Trump signed two Executive Orders on regulatory guidance issued by federal agencies. And the Treasury Department issued proposed rules to help ease the transition from the London Interbank Offered Rate (LIBOR) to other reference rates.