Last week, the Trump administration released its annual budget proposal for fiscal year 2021. In addition, Fannie Mae, Freddie Mac and Ginnie Mae announced a new certification requirement associated with submission of the Quarterly Mortgage Bankers’ Financial Reporting Form; and Federal Reserve Chairman Jerome Powell testified before the House Financial Services and Senate Banking Committees on current monetary policy and the state of the economy.
Tag: MBA Advocacy Update
MBA Advocacy Update
Last week, the Trump administration released its annual budget proposal for fiscal year 2021. In addition, Fannie Mae, Freddie Mac and Ginnie Mae announced a new certification requirement associated with submission of the Quarterly Mortgage Bankers’ Financial Reporting Form; and Federal Reserve Chairman Jerome Powell testified before the House Financial Services and Senate Banking Committees on current monetary policy and the state of the economy.
MBA Advocacy Update
On Thursday Consumer Financial Protection Bureau Director Kathy Kraninger provided her semi-annual testimony before the House Financial Services Committee. During the hearing, Kraninger addressed questions regarding the “QM Patch” and HMDA reporting.
MBA Advocacy Update
On Thursday Consumer Financial Protection Bureau Director Kathy Kraninger provided her semi-annual testimony before the House Financial Services Committee. During the hearing, Kraninger addressed questions regarding the “QM Patch” and HMDA reporting.
MBA Advocacy Update
On Friday MBA submitted a letter responding to HUD’s RFI on housing affordability, urging HUD to pursue a number of regulatory and federal funding reforms intended to spur housing supply, lower costs and enhance affordability. Also last week MBA submitted a letter to the House Energy and Commerce Committee highlighting the association’s principles for privacy and cybersecurity reform. And on Wednesday, Comptroller Joseph Otting testified before the House Financial Services Committee on the OCC’s joint plan with the FDIC to revamp CRA.
MBA Advocacy Update
On Friday MBA submitted a letter responding to HUD’s RFI on housing affordability, urging HUD to pursue a number of regulatory and federal funding reforms intended to spur housing supply, lower costs and enhance affordability. Also last week MBA submitted a letter to the House Energy and Commerce Committee highlighting the association’s principles for privacy and cybersecurity reform. And on Wednesday, Comptroller Joseph Otting testified before the House Financial Services Committee on the OCC’s joint plan with the FDIC to revamp CRA.
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
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.