Tag: MBA Advocacy Update

On Wednesday, Fannie Mae and Freddie Mac released three documents providing additional information on implementation of expanded availability of desktop appraisals. Also last week, the Pennsylvania Senate unanimously passed legislation that will permit mortgage loan originators to work from a remote location.

On Wednesday, Fannie Mae and Freddie Mac released three documents providing additional information on implementation of expanded availability of desktop appraisals. Also last week, the Pennsylvania Senate unanimously passed legislation that will permit mortgage loan originators to work from a remote location.

Last week, the Senate Banking Committee held nomination hearings for Federal Reserve Chair nominee Jerome Powell, Federal Reserve Vice Chair nominee Lael Brainard, and FHFA Director nominee Sandra Thompson. Additionally, President Joe Biden announced his intention to nominate Sarah Raskin to be the next Federal Reserve Vice Chair for Supervision, as well as Lisa Cook and Philip Jefferson to be Federal Reserve Governors.

On Wednesday, the Federal Housing Finance Agency announced it directed the GSEs to increase upfront fees for high-balance conforming and second-home loans. Also last week, FHFA determined that the revised Duty to Serve Proposed Underserved Markets Plans for 2022-2024 submitted by the GSEs did not meet the non-objection standard for any of the three underserved markets.

On Wednesday, the Federal Housing Finance Agency announced it directed the GSEs to increase upfront fees for high-balance conforming and second-home loans. Also last week, FHFA determined that the revised Duty to Serve Proposed Underserved Markets Plans for 2022-2024 submitted by the GSEs did not meet the non-objection standard for any of the three underserved markets.

MBA’s residential policy team hosted nearly 100 meetings across 15 policy committees, subcommittees and working groups, including six Town Hall webinars reaching 4,000 members.

MBA’s residential policy team hosted nearly 100 meetings across 15 policy committees, subcommittees and working groups, including six Town Hall webinars reaching 4,000 members.

As negotiations with a key senator stalled earlier this week, any final action on President Biden’s Build Back Better Act proposal will have to wait until next year. Also this week, MBA submitted comments to the Federal Housing Finance Agency in response to its notice of proposed rulemaking introducing additional public disclosure requirements in the regulatory capital framework applicable to Fannie Mae and Freddie Mac.

On Tuesday, President Joe Biden nominated Acting Director Sandra L. Thompson to permanently lead the Federal Housing Finance Agency, and the Senate confirmed Alanna McCargo to serve as President of Ginnie Mae.

On Tuesday, President Joe Biden nominated Acting Director Sandra L. Thompson to permanently lead the Federal Housing Finance Agency, and the Senate confirmed Alanna McCargo to serve as President of Ginnie Mae.