The Week Ahead

Welcome to our new dystopian reality: life as we know it has been suspended indefinitely.

The Week Ahead

NEW ORLEANS—MBA NewsLink comes to you this week from the Mortgage Bankers Association’s Independent Mortgage Bankers Conference here in The Big Easy.

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.

The Week Ahead

The weekdays immediately following the Martin Luther King Jr. holiday are usually quiet in Washington. Not this week. For only the third time in U.S. history, the Senate has begun an impeachment trial against a sitting President.

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.

The Week Ahead

The past four years have been anything but “normal” in Washington, D.C.–if there’s even such a thing as “normal.” But with an impending impeachment trial hanging over the Senate, things could get even weirder.

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.

The Week Ahead

Welcome back from the holidays. Now, take a deep breath and get ready for December!

MBA Advocacy Update

Last Friday, MBA President and CEO Bob Broeksmit, CMB, attended a White House meeting chaired by HUD Secretary Ben Carson and attended by other senior administration officials and key industry stakeholders to discuss housing affordability. And on Monday, the Federal Housing Finance Agency announced it is seeking comment on pooling practices for Fannie Mae and Freddie Mac in the Uniform Mortgage-Backed Securities market.