Tag: MBA Advocacy Update

On Tuesday, HUD issued guidance around the application of the Fair Housing Act to Special Purpose Credit Programs. On Monday, MBA and other financial services trade associations submitted recommendations to HUD regarding the impact of the transition on loans insured by FHA. And Congress took procedural steps to inch closer to raising the federal debt limit and negating the prospect of defaulting on the national debt.

On Tuesday, HUD issued guidance around the application of the Fair Housing Act to Special Purpose Credit Programs. On Monday, MBA and other financial services trade associations submitted recommendations to HUD regarding the impact of the transition on loans insured by FHA. And Congress took procedural steps to inch closer to raising the federal debt limit and negating the prospect of defaulting on the national debt.

House and Senate lawmakers passed a continuing resolution ahead of the December 3 government funding deadline. President Joe Biden signed the bill Friday to avert a shutdown.

On Monday, President Joe Biden announced his intent to nominate current Federal Reserve Chair Jerome Powell for a second term and current Board member Lael Brainard for Vice Chair. Also last week, MBA submitted comments to the Federal Housing Finance Agency in support of its proposed changes to the capital framework applicable to the GSEs.

On Monday, President Joe Biden announced his intent to nominate current Federal Reserve Chair Jerome Powell for a second term and current Board member Lael Brainard for Vice Chair. Also last week, MBA submitted comments to the Federal Housing Finance Agency in support of its proposed changes to the capital framework applicable to the GSEs.

On Friday, the House passed the most current version of President Biden’s Build Back Better Act legislation, largely along party lines. On Monday, HUD published its Annual Report to Congress on the financial status of the FHA’s MMI Fund. And on Wednesday, HUD released Mortgagee Letter 2021-27, which provides details regarding Fair Housing Act compliance with respect to FHA appraisals.

On Friday, the House passed the most current version of President Biden’s Build Back Better Act legislation, largely along party lines. On Monday, HUD published its Annual Report to Congress on the financial status of the FHA’s MMI Fund. And on Wednesday, HUD released Mortgagee Letter 2021-27, which provides details regarding Fair Housing Act compliance with respect to FHA appraisals.

On Wednesday, the Consumer Financial Protection Bureau issued a statement in conjunction with other federal and state financial regulators that announced the end of Regulation X mortgage servicing flexibilities that have been in place since April 2020 as a result of the COVID-19 pandemic.

On Wednesday, the Consumer Financial Protection Bureau issued a statement in conjunction with other federal and state financial regulators that announced the end of Regulation X mortgage servicing flexibilities that have been in place since April 2020 as a result of the COVID-19 pandemic.

House leaders continued to lay the groundwork – both substantively and procedurally – to hold a floor vote on the latest iteration of President Biden’s Build Back Better Act tax and reconciliation package. MBA remains engaged and will provide any necessary updates.