MBA Advocacy Update

MBA and several trade organizations sent a letter to Congress asking them to consider a longer-term solution to the National Flood Insurance Program, which is set to expire at the end of the month. Also last week, the Supreme Court set oral arguments for December 9 in Collins v. Mnuchin, the case that will determine the constitutionality of the FHFA’s independent director structure.

FHFA Delays Refi Fee Implementation to Dec. 1

The Federal Housing Finance Agency this afternoon said Fannie Mae and Freddie Mac would delay implementation of a controversial Adverse Market Refinance Fee by two months, to Dec. 1.

The Week Ahead–Aug. 17, 2020

Good morning! August is usually a quiet time in Washington—so quiet, that not too many years ago, MBA NewsLink would take a week-long break during the month and not miss a thing. That’s not the case these days.

MBA Mortgage Action Alliance ‘Call to Action’ Targets GSE Refi Fee

In the wake of new directive by Fannie Mae and Freddie Mac to impose a 50 basis point “Adverse Market Refinance Fee” on most refinance mortgages, effective Sept. 1, the Mortgage Bankers Association’s grassroots advocacy arm, the Mortgage Action Alliance, issued a ‘Call to Action’ urging its 50,000 members to contact their members of Congress and the Federal Housing Finance Agency to roll back the directive.

MBA Mortgage Action Alliance ‘Call to Action’ Targets GSE Refi Fee

In the wake of new directive by Fannie Mae and Freddie Mac to impose a 50 basis point “Adverse Market Refinance Fee” on most refinance mortgages, effective Sept. 1, the Mortgage Bankers Association’s grassroots advocacy arm, the Mortgage Action Alliance, issued a ‘Call to Action’ urging its 50,000 members to contact their members of Congress and the Federal Housing Finance Agency to roll back the directive.