The CFPB released its final rule amending select requirements of Regulation X to assist borrowers impacted by COVID-19. Also last week, MBA President and CEO Bob Broeksmit, CMB, sent a letter to the leaders of the National Governors Association and CSBS to ask for their assistance in addressing the challenges MBA member companies face as they attempt to reopen their offices.
Tag: Pete Mills
MBA Urges Federal Agencies to Clarify How AI Technologies Apply to Regs
The Mortgage Bankers Association last week asked federal regulatory agencies to clarify how existing fair lending and the Equal Credit Opportunity Act adverse action notification requirements apply to Artificial Intelligence technologies.
MBA Advocacy Update June 28 2021
On Wednesday, President Biden replaced FHFA Director Mark Calabria with Sandra L. Thompson, naming her Acting Director effective immediately. On Thursday, President Biden announced his intention to nominate Julia Gordon as the next FHA Commissioner.
HUD Proposes Restoring ‘Disparate Impact’ Rule
HUD on Friday proposed to restore its 2013 Discriminatory Effects Standard—known in the industry as the “Disparate Impact” rule.
MBA Advocacy Update June 28 2021
On Wednesday, President Biden replaced FHFA Director Mark Calabria with Sandra L. Thompson, naming her Acting Director effective immediately. On Thursday, President Biden announced his intention to nominate Julia Gordon as the next FHA Commissioner.
HUD Proposes Restoring ‘Disparate Impact’ Rule
HUD on Friday proposed to restore its 2013 Discriminatory Effects Standard—known in the industry as the “Disparate Impact” rule.
MBA, Lenders Seeks Clarity on Juneteenth Holiday Designation
With unusual speed and rare bipartisan agreement, Congress last week passed, and President Biden signed, legislation designating June 19—colloquially known as “Juneteenth”—a federal holiday, a move welcomed by Americans and supported by the Mortgage Bankers Association and thousands of businesses nationwide. But the speed of the designation—with Friday, June 18 designated a federal holiday—resulted in unintended consequences and disruption for the mortgage lending industry.
MBA, Lenders Seeks Clarity on Juneteenth Holiday Designation
With unusual speed and rare bipartisan agreement, Congress last week passed, and President Biden signed, legislation designating June 19—colloquially known as “Juneteenth”—a federal holiday, a move welcomed by Americans and supported by the Mortgage Bankers Association and thousands of businesses nationwide. But the speed of the designation—with Friday, June 18 designated a federal holiday—resulted in unintended consequences and disruption for the mortgage lending industry.
MBA Advocacy Update June 21, 2021
On Tuesday, the Federal Housing Finance Agency published its yearly Report to Congress, which provides details on the Agency’s activities over the course of the past year, including its actions as conservator of Fannie Mae and Freddie Mac. On Wednesday, the House Financial Services Committee passed a package of bills that would establish a new series of environmental, social and corporate governance reporting requirements for publicly traded companies.
MBA Advocacy Update June 21, 2021
On Tuesday, the Federal Housing Finance Agency published its yearly Report to Congress, which provides details on the Agency’s activities over the course of the past year, including its actions as conservator of Fannie Mae and Freddie Mac. On Wednesday, the House Financial Services Committee passed a package of bills that would establish a new series of environmental, social and corporate governance reporting requirements for publicly traded companies.