Tag: Pete Mills

Last week the Senate Banking Committee advanced FHFA Acting Director Sandra Thompson’s nomination, moving her closer to being confirmed as Director. And on Wednesday, the CFPB announced changes to its supervisory policies and a corresponding update to the exam manual, with the goal of enhancing its ability to protect consumers against illegal discrimination.

Last week, both the House and Senate passed a $1.5 trillion Fiscal Year 2022 “omnibus” appropriations bill, which includes robust funding for HUD – and several wins for the industry. Also last week, MBA submitted comments to FHFA regarding its new strategic plan.

Last week, both the House and Senate passed a $1.5 trillion Fiscal Year 2022 “omnibus” appropriations bill, which includes robust funding for HUD – and several wins for the industry. Also last week, MBA submitted comments to FHFA regarding its new strategic plan.

President Joe Biden delivered his State of the Union address last week to a joint session of Congress, focusing heavily on the war in Ukraine and rising inflation. Federal Reserve Chair Jay Powell appeared before both chambers of Congress, signaling to lawmakers that the Fed will lift interest rates a quarter-percentage point later this month.

With Congress in recess this past week, on Thursday the Federal Housing Finance Agency had two major announcements: a long-awaited re-proposal of updates to the capital, liquidity and net worth requirements for servicers; and a final revised capital framework for the GSEs.

With Congress in recess this past week, on Thursday the Federal Housing Finance Agency had two major announcements: a long-awaited re-proposal of updates to the capital, liquidity and net worth requirements for servicers; and a final revised capital framework for the GSEs.