Tag: Pete Mills

On Wednesday, HUD announced a final rule increasing the maximum allowable term for Federal Housing Administration-insured loan modifications from 360 months to 480 months.

On Wednesday, HUD announced a final rule increasing the maximum allowable term for Federal Housing Administration-insured loan modifications from 360 months to 480 months.

The Supreme Court said it would consider the Consumer Financial Protection Bureau’s appeal of the Fifth Circuit Court of Appeals decision in CFSA v. CFPB – in connection to its Payday Lending Rule – over the constitutionality of the Bureau’s funding mechanism.

On Tuesday, HUD announced a 30-basis-point reduction to the annual Mortgage Insurance Premium for Federal Housing Administration-insured loans. The action addresses a top MBA advocacy priority since 2021.

On Tuesday, HUD announced a 30-basis-point reduction to the annual Mortgage Insurance Premium for Federal Housing Administration-insured loans. The action addresses a top MBA advocacy priority since 2021.

Last week, MBA joined 10 other trade associations in a letter to the Securities and Exchange Commission requesting an extension to the recently re-proposed Securitization Conflicts of Interest Rule.

MBA sent a letter to the Federal Housing Finance Agency expressing concerns regarding recently announced changes to the GSEs’ loan-level price adjustments, particularly addition of an LLPA based on debt-to-income ratio.

MBA sent a letter to the Federal Housing Finance Agency expressing concerns regarding recently announced changes to the GSEs’ loan-level price adjustments, particularly addition of an LLPA based on debt-to-income ratio.

On Wednesday, President Joe Biden and House Speaker Kevin McCarthy (R-CA) began face-to-face debt ceiling discussions, with the latter expressing cautious optimism that the two sides can come to a deal to avoid the first-ever default on the nation’s debt obligations.