MBA Advocacy Update May 1, 2023

MBA President and CEO Bob Broeksmit, CMB, and staff continue to urge the Federal Housing Finance Agency to remove the unworkable debt-to-income price adjustment that was part of recent changes to Fannie Mae’s and Freddie Mac’s loan-level price adjustments announced in January.

MBA Advocacy Update Apr. 24, 2023

Last week, more than 400 state/local leaders and rank-and-file MBA members assembled in Washington to meet elected officials and key congressional staffers on Capitol Hill.

MBA Advocacy Update Apr. 24, 2023

Last week, more than 400 state/local leaders and rank-and-file MBA members assembled in Washington to meet elected officials and key congressional staffers on Capitol Hill.

MBA Advocacy Update Apr. 17, 2023

MBA, NYMBA, ABA, NYBA and HPC filed a joint Amicus brief with the New York State Appellate Division of the Supreme Court in support of the plaintiff in U.S. Bank National Association v. Simon. In this case, the plaintiff is, in part, challenging the constitutionality of New York’s Foreclosure Abuse Prevention Act

MBA Advocacy Update Apr. 17, 2023

MBA, NYMBA, ABA, NYBA and HPC filed a joint Amicus brief with the New York State Appellate Division of the Supreme Court in support of the plaintiff in U.S. Bank National Association v. Simon. In this case, the plaintiff is, in part, challenging the constitutionality of New York’s Foreclosure Abuse Prevention Act

MBA Advocacy Update Apr. 10, 2023

Last Friday, MBA submitted comments on the Consumer Financial Protection Bureau’s proposed rule requiring nonbank financial firms that are under a final court order or regulatory order to enter those into an online registry.

MBA Advocacy Update Apr. 10, 2023

Last Friday, MBA submitted comments on the Consumer Financial Protection Bureau’s proposed rule requiring nonbank financial firms that are under a final court order or regulatory order to enter those into an online registry.

MBA Urges CFPB to Withdraw Nonbank Registry Proposal

The Mortgage Bankers Association, in its second letter this week to the Consumer Financial Protection Bureau, urged the Bureau to withdraw a proposal requiring nonbanks to register and report their use of certain terms and conditions in form contracts for consumer financial products and services.

MBA, State Regulators Ask CFPB to Withdraw Nonbank Registry Proposal

The Mortgage Bankers Association urged the Consumer Financial Protection Bureau to withdraw a controversial proposal requiring covered nonbank financial institutions to register with and report to the Bureau when they become subject to certain public local, state, or federal consumer financial protection agency or court orders.

MBA Advocacy Update Apr. 3, 2023

On Wednesday, the Federal Housing Finance Agency announced that Fannie Mae and Freddie Mac will allow borrowers facing financial hardship to defer up to six months of mortgage payments.