Tag: Pete Mills

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 during MBA’s National Advocacy Conference. And on Monday, MBA submitted comments to FHFA on its recent proposal to update capital, liquidity and net worth requirements for servicers of loans backed by Fannie Mae and Freddie Mac.

On Monday, FHA published Mortgagee Letter 2022-07, which adds to the agency’s COVID-19 Recovery Loss Mitigation Options a loan modification with a 40-year term used together with a partial claim. On Tuesday, MBA sent a letter to CFPB requesting the Bureau provide the industry with the statutory basis for its requests to obtain privileged attorney-client communications during supervisory examinations.

On Monday, FHA published Mortgagee Letter 2022-07, which adds to the agency’s COVID-19 Recovery Loss Mitigation Options a loan modification with a 40-year term used together with a partial claim. On Tuesday, MBA sent a letter to CFPB requesting the Bureau provide the industry with the statutory basis for its requests to obtain privileged attorney-client communications during supervisory examinations.

Last week, MBA responded to the CFPB’s RFI on fees – both in a comment letter and in a joint trades comment letter – imposed by providers of consumer financial products and services. Also last week, MBA sent a letter to FHFA and the GSEs outlining concerns regarding the GSEs’ temporary condominium requirements on deferred maintenance and structural integrity for condo and co-op projects.

Last week, MBA responded to the CFPB’s RFI on fees – both in a comment letter and in a joint trades comment letter – imposed by providers of consumer financial products and services. Also last week, MBA sent a letter to FHFA and the GSEs outlining concerns regarding the GSEs’ temporary condominium requirements on deferred maintenance and structural integrity for condo and co-op projects.

MBA President and CEO Bob Broeksmit, CMB, penned a new blog post emphasizing MBA’s continued support for a reduction of FHA’s mortgage insurance premium. On Wednesday, the House Financial Services Committee held a hearing featuring testimony from Treasury Secretary Janet Yellen on the state of the international financial system. And on Thursday, the Senate confirmed Judge Ketanji Brown Jackson to the U.S. Supreme Court, making her the first Black woman to serve as a Supreme Court justice.

MBA President and CEO Bob Broeksmit, CMB, penned a new blog post emphasizing MBA’s continued support for a reduction of FHA’s mortgage insurance premium. On Wednesday, the House Financial Services Committee held a hearing featuring testimony from Treasury Secretary Janet Yellen on the state of the international financial system. And on Thursday, the Senate confirmed Judge Ketanji Brown Jackson to the U.S. Supreme Court, making her the first Black woman to serve as a Supreme Court justice.

On Monday, the Biden administration released the top-line framework for the Fiscal Year 2023 budget proposal. On Tuesday, the House Financial Services Committee held a hearing on appraisal reform. And on Wednesday, the FDIC released a request for comment on draft principles for safe and sound management of exposures to climate-related financial risk for financial institutions with more than $100 billion in total assets.

On Monday, the Biden administration released the top-line framework for the Fiscal Year 2023 budget proposal. On Tuesday, the House Financial Services Committee held a hearing on appraisal reform. And on Wednesday, the FDIC released a request for comment on draft principles for safe and sound management of exposures to climate-related financial risk for financial institutions with more than $100 billion in total assets.