This past Tuesday, MBA joined other trade associations to provide a detailed account of the costs and burdens of implementing the TRID Rule in response to the CFPB’s RFI on its TRID Rule assessment. Also on Tuesday, MBA submitted a comment letter to the FHFA cautioning against suggested changes to its UMBS pooling practices.
Tag: MBA Advocacy Update
MBA Advocacy Update
This past Tuesday, MBA joined other trade associations to provide a detailed account of the costs and burdens of implementing the TRID Rule in response to the CFPB’s RFI on its TRID Rule assessment. Also on Tuesday, MBA submitted a comment letter to the FHFA cautioning against suggested changes to its UMBS pooling practices.
MBA Advocacy Update
On Friday, Consumer Financial Protection Bureau Director Kathy Kraninger sent a letter to Congress outlining the Bureau’s plan for a revised Qualified Mortgage Standard.
MBA Advocacy Update
On Friday, Consumer Financial Protection Bureau Director Kathy Kraninger sent a letter to Congress outlining the Bureau’s plan for a revised Qualified Mortgage Standard.
MBA Advocacy Update
On December 23, MBA sent a letter to Ginnie Mae offering recommendations on how the agency can improve its upcoming Digital Collateral Guide. Last week, the U.S. Department of Homeland Security and the New York Department of Financial Services both issued warnings alerting companies to potential cybersecurity risks. And on December 20, the Georgia Department of Banking and Finance finalized rules regarding mortgage loan originator temporary authority.
MBA Advocacy Update
On December 23, MBA sent a letter to Ginnie Mae offering recommendations on how the agency can improve its upcoming Digital Collateral Guide. Last week, the U.S. Department of Homeland Security and the New York Department of Financial Services both issued warnings alerting companies to potential cybersecurity risks. And on December 20, the Georgia Department of Banking and Finance finalized rules regarding mortgage loan originator temporary authority.
MBA Year-End Advocacy Update
In 2019, with the confirmation of Mark Calabria to head the Federal Housing Finance Agency and the release of the Trump administration’s reform plans, housing finance reform took center stage again. Against that backdrop, MBA continued to assert its position as the thought leader on all elements of housing finance reform.
MBA Advocacy Update
On Thursday, the Senate passed the fiscal year 2020 domestic “minibus” appropriations bill (H.R. 1865), which now awaits the president’s signature. Significant provisions supported by MBA – such as another $20 million tranche for Federal Housing Administration single-family technology upgrades, specific real-estate-related tax extenders, and a status quo extension of the National Flood Insurance Program through September 30, 2020 – were included in the package.
MBA Advocacy Update
Last week, a bipartisan group of members of Congress submitted a letter to House leadership voicing concerns about the use of VA Home Loan program fees as a spending offset to pay for other non-housing-related veterans’ benefits. On Tuesday, the Senate Banking Committee marked up Brian Montgomery’s nomination for the next Deputy Secretary of HUD.
MBA Advocacy Update
On Thursday, the Financial Stability Oversight Council issued its 2019 Annual Report on the state of financial markets and potential emerging risks. On Tuesday, HUD published two Mortgagee Letters that raise FHA forward mortgage limit “floors” and “ceilings,” as well as the maximum claim amount for HECMs. Last week, FASB issued an update on new CECL standards.