Tag: Pete Mills

House leaders continued to lay the groundwork – both substantively and procedurally – to hold a floor vote on the latest iteration of President Biden’s Build Back Better Act tax and reconciliation package. MBA remains engaged and will provide any necessary updates.

MBA submitted recommendations to FHFA in response to its RFI on the new Equitable Housing Finance Plans required of the GSEs, as well as on FHFA’s proposed housing goals for the GSEs. MBA also submitted a comment letter and signed onto a joint comment letter to the OCC in response to the Agency’s proposal to rescind its June 2020 CRA Rule.

On Monday, in remarks given at MBA’s Annual Convention and Expo 2021, FHFA Acting Director Sandra Thompson announced two steps to advance housing sustainability and affordability.

On Monday, in remarks given at MBA’s Annual Convention and Expo 2021, FHFA Acting Director Sandra Thompson announced two steps to advance housing sustainability and affordability.

Last Tuesday, the House passed a short-term debt ceiling extension, and President Biden signed the bill into law Thursday. The temporary increase in the debt limit will allow the U.S. Treasury Department to continue funding the government’s financial obligations through December 3.

On Thursday, the Senate Banking Committee held a nomination hearing for Alanna McCargo to be President of Ginnie Mae. Earlier last week, HUD issued an advance notice of proposed rulemaking on its process for transitioning away from the use of LIBOR for FHA-insured ARMs. And late Thursday, congressional leaders reached agreement to temporarily raise the statutory federal debt limit.

On Thursday, House and Senate lawmakers passed, and President Joe Biden signed, a continuing resolution ahead of the Sept. 30 government funding deadline to avert a shutdown. Also on Thursday, the Senate voted 50-48 to confirm Rohit Chopra as the next CFPB Director.