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.

SEC to Examine Disclosure Requirements for RMBS

Securities and Exchange Commission Jay Clayton this week issued a statement instructing SEC staff to review the Commission’s residential mortgage-backed securities asset-level disclosure requirements with an eye toward facilitating more SEC-registered offerings.

MBA Releases New White Paper: The Basic Components of an Information Security Program

The Mortgage Bankers Association released a new white paper, The Basic Components of an Information Security Program, which provides an overview of current information security risks that affect the mortgage industry, as well as explanations of basic components of an information security program intended to help manage those risks.