Tag: Pete Mills

On Wednesday, the Federal Housing Finance Agency announced it directed the GSEs to increase upfront fees for high-balance conforming and second-home loans. Also last week, FHFA determined that the revised Duty to Serve Proposed Underserved Markets Plans for 2022-2024 submitted by the GSEs did not meet the non-objection standard for any of the three underserved markets.

MBA’s residential policy team hosted nearly 100 meetings across 15 policy committees, subcommittees and working groups, including six Town Hall webinars reaching 4,000 members.

MBA’s residential policy team hosted nearly 100 meetings across 15 policy committees, subcommittees and working groups, including six Town Hall webinars reaching 4,000 members.

As negotiations with a key senator stalled earlier this week, any final action on President Biden’s Build Back Better Act proposal will have to wait until next year. Also this week, MBA submitted comments to the Federal Housing Finance Agency in response to its notice of proposed rulemaking introducing additional public disclosure requirements in the regulatory capital framework applicable to Fannie Mae and Freddie Mac.

On Tuesday, President Joe Biden nominated Acting Director Sandra L. Thompson to permanently lead the Federal Housing Finance Agency, and the Senate confirmed Alanna McCargo to serve as President of Ginnie Mae.

On Tuesday, President Joe Biden nominated Acting Director Sandra L. Thompson to permanently lead the Federal Housing Finance Agency, and the Senate confirmed Alanna McCargo to serve as President of Ginnie Mae.

On Tuesday, HUD issued guidance around the application of the Fair Housing Act to Special Purpose Credit Programs. On Monday, MBA and other financial services trade associations submitted recommendations to HUD regarding the impact of the transition on loans insured by FHA. And Congress took procedural steps to inch closer to raising the federal debt limit and negating the prospect of defaulting on the national debt.

On Tuesday, HUD issued guidance around the application of the Fair Housing Act to Special Purpose Credit Programs. On Monday, MBA and other financial services trade associations submitted recommendations to HUD regarding the impact of the transition on loans insured by FHA. And Congress took procedural steps to inch closer to raising the federal debt limit and negating the prospect of defaulting on the national debt.

House and Senate lawmakers passed a continuing resolution ahead of the December 3 government funding deadline. President Joe Biden signed the bill Friday to avert a shutdown.