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.
Tag: Pete Mills
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.
MBA Advocacy Update June 14, 2021
Last week on Capitol Hill, the House Transportation & Infrastructure Committee held a markup on the INVEST in America Act, and HUD Secretary Marcia Fudge appeared before the Senate T-HUD Appropriations subcommittee to discuss the FY 2022 budget. On Monday, Freddie Mac issued a bulletin providing further details regarding its implementation of recently-adopted limits on deliveries of loans secured by second homes and investor properties.
MBA Advocacy Update June 14, 2021
Last week on Capitol Hill, the House Transportation & Infrastructure Committee held a markup on the INVEST in America Act, and HUD Secretary Marcia Fudge appeared before the Senate T-HUD Appropriations subcommittee to discuss the FY 2022 budget. On Monday, Freddie Mac issued a bulletin providing further details regarding its implementation of recently-adopted limits on deliveries of loans secured by second homes and investor properties.
MBA Advocacy Update June 7, 2021
Last Friday, President Biden’s full fiscal year 2022 budget proposal was released, along with the Treasury Department’s “Green Book” itemizing the revenue implications of various tax proposals.
MBA Advocacy Update June 7, 2021
Last Friday, President Biden’s full fiscal year 2022 budget proposal was released, along with the Treasury Department’s “Green Book” itemizing the revenue implications of various tax proposals.
MBA Advocacy Update June 1, 2021
Washington is anxiously awaiting formal release of President Biden’s full fiscal year 2022 budget proposal, along with the Treasury Department’s “Green Book” itemizing the revenue implications of various tax proposals.
MBA Advocacy Update May 24 2021
Last week, MBA submitted comments supporting the CFPB’s proposed rule to delay the implementation of the Fair Debt Collection Practices Act final rules from November 30, 2021, to January 29, 2022. On Thursday, the Senate Banking Committee held a hearing on housing and infrastructure. And Wednesday, the House Ways and Means Committee held a hearing on tax code options for infrastructure investment.