Tag: Pete Mills

The Senate on Sunday passed a $740 billion reconciliation package. And last Monday, the VA released Circular 26-22-13, implementing new appraisal procedures for VA purchase loans.

Activities of note on Capitol Hill:
Last Wednesday night, Senator Joe Manchin, D-W.V., Senate Majority Leader Chuck Schumer, D-N.Y., and the White House reached agreement on a $740 billion reconciliation package, giving Senate Democrats another chance to enact broad climate and tax code changes before the end of Fiscal Year 2022.

Activities of note on Capitol Hill:
Last Wednesday night, Senator Joe Manchin, D-W.V., Senate Majority Leader Chuck Schumer, D-N.Y., and the White House reached agreement on a $740 billion reconciliation package, giving Senate Democrats another chance to enact broad climate and tax code changes before the end of Fiscal Year 2022.

Some activities of note during a busy week on Capitol Hill.

On Monday, MBA and a broad coalition of business interests sent a joint letter to congressional leaders stressing strong opposition to tax increases targeted at “pass-through” small business entities. Later in the week, Senator Joe Manchin (D-WV) also weighed in on tax matters, reportedly casting serious doubt on the future of tax provisions as part of any “slimmed-down” Build Back Better reconciliation package.

MBA submitted recommendations to the GSEs to improve their appraiser guidance for high-quality manufactured housing. Last week, the GSEs also announced they would once again begin engaging in bulk acquisitions of seasoned loans. And MBA issued a white paper examining how climate change is dramatically reshaping lenders’ and policymakers’ approaches to the U.S. residential and commercial real estate markets.

MBA submitted recommendations to the GSEs to improve their appraiser guidance for high-quality manufactured housing. Last week, the GSEs also announced they would once again begin engaging in bulk acquisitions of seasoned loans. And MBA issued a white paper examining how climate change is dramatically reshaping lenders’ and policymakers’ approaches to the U.S. residential and commercial real estate markets.

Last week, The Wall Street Journal published a letter to the editor from MBA President and CEO Bob Broeksmit, CMB, highlighting how Special Purpose Credit Programs are an effective way for lenders to help serve minority homebuyers safely and sustainably.