MBA Advocacy Update Feb. 22 2022

Last Monday, MBA submitted comments to the OCC on draft principles for large banks’ management of climate-related financial risk. On Tuesday, the FHA announced it is extending the mandatory implementation deadline for mortgagees to begin delivering appraisals through the FHA Catalyst: Electronic Appraisal Delivery Module.

MBA Advocacy Update

This past Monday, President Trump announced that he intends to nominate Federal Housing Administration (FHA) Commissioner Brian Montgomery to be the next Deputy Secretary of the U.S. Department of Housing and Urban Development (HUD). Also, President Trump signed two Executive Orders on regulatory guidance issued by federal agencies. And the Treasury Department issued proposed rules to help ease the transition from the London Interbank Offered Rate (LIBOR) to other reference rates.