Tag: MBA Advocacy Update

The Supreme Court said it would consider the Consumer Financial Protection Bureau’s appeal of the Fifth Circuit Court of Appeals decision in CFSA v. CFPB – in connection to its Payday Lending Rule – over the constitutionality of the Bureau’s funding mechanism.

On Tuesday, HUD announced a 30-basis-point reduction to the annual Mortgage Insurance Premium for Federal Housing Administration-insured loans. The action addresses a top MBA advocacy priority since 2021.

On Tuesday, HUD announced a 30-basis-point reduction to the annual Mortgage Insurance Premium for Federal Housing Administration-insured loans. The action addresses a top MBA advocacy priority since 2021.

Last week, MBA joined 10 other trade associations in a letter to the Securities and Exchange Commission requesting an extension to the recently re-proposed Securitization Conflicts of Interest Rule.

MBA sent a letter to the Federal Housing Finance Agency expressing concerns regarding recently announced changes to the GSEs’ loan-level price adjustments, particularly addition of an LLPA based on debt-to-income ratio.

MBA sent a letter to the Federal Housing Finance Agency expressing concerns regarding recently announced changes to the GSEs’ loan-level price adjustments, particularly addition of an LLPA based on debt-to-income ratio.

On Wednesday, President Joe Biden and House Speaker Kevin McCarthy (R-CA) began face-to-face debt ceiling discussions, with the latter expressing cautious optimism that the two sides can come to a deal to avoid the first-ever default on the nation’s debt obligations.

On Tuesday, MBA SVP and Chief Economist Mike Fratantoni testified during a Federal Financial Institutions Examination Council’s Appraisal Subcommittee hearing on appraisals.