On Wednesday, FHFA and Ginnie Mae jointly released their long-awaited final capital, liquidity, and net worth requirements for sellers and servicers of loans backed by the GSEs and Ginnie Mae issuers. Also last week, the author of legislation in California (SB1323), that would have created a byzantine new foreclosure process for residential properties that have more than 10% equity withdrew his bill from Assembly floor consideration.
Tag: Pete Mills
MBA Advocacy Update Aug. 15, 2022: House Passes Inflation Reduction Act of 2022
On Tuesday, FHFA announced Fannie Mae and Freddie Mac will require servicers to obtain and maintain fair lending data on their loans. Last Friday, MBA submitted its comment letter to federal regulatory banking agencies on the Community Reinvestment Act. And the House approved the Senate’s amended substitute to H.R. 5376, now known as the Inflation Reduction Act.
MBA Advocacy Update Aug. 15, 2022: House Passes Inflation Reduction Act of 2022
On Tuesday, FHFA announced Fannie Mae and Freddie Mac will require servicers to obtain and maintain fair lending data on their loans. Last Friday, MBA submitted its comment letter to federal regulatory banking agencies on the Community Reinvestment Act. And the House approved the Senate’s amended substitute to H.R. 5376, now known as the Inflation Reduction Act.
MBA Letter to Agencies Targets Topline CRA Issues
The Mortgage Bankers Association last week sent a letter to federal regulatory agencies, discussing several topline issues it says are crucial to improving the current Community Reinvestment Act framework.
MBA Advocacy Update Aug. 8 2022: Senate Passes Reconciliation Package
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.
MBA Advocacy Update Aug. 8 2022: Senate Passes Reconciliation Package
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.
MBA Advocacy Update Aug. 1, 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.
MBA Advocacy Update Aug. 1, 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.
MBA Advocacy Update July 25 2022
Some activities of note during a busy week on Capitol Hill.
MBA Advocacy Update July 18 2022
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.