Tag: MBA Advocacy Update

MBA submitted recommendations to FHFA last week with respect to the GSEs’ policies addressing eligibility of condominium projects that include short-term rentals. Also last week, Ginnie Mae announced it will continue current measures that allow for the electronic execution and transmission of form HUD 11711A (Release of Security Interest) and form HUD 11711B (Certification and Agreement).

MBA submitted recommendations to FHFA last week with respect to the GSEs’ policies addressing eligibility of condominium projects that include short-term rentals. Also last week, Ginnie Mae announced it will continue current measures that allow for the electronic execution and transmission of form HUD 11711A (Release of Security Interest) and form HUD 11711B (Certification and Agreement).

The CFPB released its final rule amending select requirements of Regulation X to assist borrowers impacted by COVID-19. Also last week, MBA President and CEO Bob Broeksmit, CMB, sent a letter to the leaders of the National Governors Association and CSBS to ask for their assistance in addressing the challenges MBA member companies face as they attempt to reopen their offices.

The CFPB released its final rule amending select requirements of Regulation X to assist borrowers impacted by COVID-19. Also last week, MBA President and CEO Bob Broeksmit, CMB, sent a letter to the leaders of the National Governors Association and CSBS to ask for their assistance in addressing the challenges MBA member companies face as they attempt to reopen their offices.

On Wednesday, President Biden replaced FHFA Director Mark Calabria with Sandra L. Thompson, naming her Acting Director effective immediately. On Thursday, President Biden announced his intention to nominate Julia Gordon as the next FHA Commissioner.

On Wednesday, President Biden replaced FHFA Director Mark Calabria with Sandra L. Thompson, naming her Acting Director effective immediately. On Thursday, President Biden announced his intention to nominate Julia Gordon as the next FHA Commissioner.

On Tuesday, the Federal Housing Finance Agency published its yearly Report to Congress, which provides details on the Agency’s activities over the course of the past year, including its actions as conservator of Fannie Mae and Freddie Mac. On Wednesday, the House Financial Services Committee passed a package of bills that would establish a new series of environmental, social and corporate governance reporting requirements for publicly traded companies.

On Tuesday, the Federal Housing Finance Agency published its yearly Report to Congress, which provides details on the Agency’s activities over the course of the past year, including its actions as conservator of Fannie Mae and Freddie Mac. On Wednesday, the House Financial Services Committee passed a package of bills that would establish a new series of environmental, social and corporate governance reporting requirements for publicly traded companies.

Last week on Capitol Hill, the House Transportation & Infrastructure Committee held a markup on the INVEST in America Act, and HUD Secretary Marcia Fudge appeared before the Senate T-HUD Appropriations subcommittee to discuss the FY 2022 budget. On Monday, Freddie Mac issued a bulletin providing further details regarding its implementation of recently-adopted limits on deliveries of loans secured by second homes and investor properties.