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.
Tag: Pete Mills
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.
MBA Letter Addresses Risks to Proposed SEC Rule on Securitizations
The Mortgage Bankers Association, in a Mar. 27 letter to the Securities and Exchange Commission, said a proposed rule to curb certain material conflicts of interest in securitizations is flawed and would present risks to that market.
MBA Letter Addresses Risks to Proposed SEC Rule on Securitizations
The Mortgage Bankers Association, in a Mar. 27 letter to the Securities and Exchange Commission, said a proposed rule to curb certain material conflicts of interest in securitizations is flawed and would present risks to that market.
MBA Advocacy Update, Mar. 27, 2023
On Thursday, the Federal Housing Finance Agency announced plans for stakeholder input as Fannie Mae and Freddie Mac work to replace the Classic FICO credit score model with the FICO 10T and the VantageScore 4.0 credit score models, and transition from requiring three credit reports (or “tri-merge”) to requiring two credit reports (or “bi-merge”) for single-family loan acquisitions.
MBA Advocacy Update, Mar. 27, 2023
On Thursday, the Federal Housing Finance Agency announced plans for stakeholder input as Fannie Mae and Freddie Mac work to replace the Classic FICO credit score model with the FICO 10T and the VantageScore 4.0 credit score models, and transition from requiring three credit reports (or “tri-merge”) to requiring two credit reports (or “bi-merge”) for single-family loan acquisitions.
MBA Advocacy Update Monday Mar. 20, 2023
On Wednesday, the Federal Housing Finance Agency announced a 90-day delay in the effective date of the new Loan Level Price Adjustments for certain borrowers with debt-to-income ratios above 40 percent. The new effective date will be for deliveries on or after August 1.
MBA Advocacy Update Monday Mar. 20, 2023
On Wednesday, the Federal Housing Finance Agency announced a 90-day delay in the effective date of the new Loan Level Price Adjustments for certain borrowers with debt-to-income ratios above 40 percent. The new effective date will be for deliveries on or after August 1.