MBA Advocacy Update Nov. 17, 2020

On Friday HUD released its annual report detailing the financial condition of the FHA Mutual Mortgage Insurance Fund. On Tuesday and Thursday, federal prudential regulators from the Federal Reserve, FDIC, OCC and NCUA appeared before the Senate Banking Committee and the House Financial Services Committee to discuss the economic impact of the COVID-19 pandemic.

MBA Advocacy Update Nov. 16, 2020

On Friday HUD released its annual report detailing the financial condition of the FHA Mutual Mortgage Insurance Fund. On Tuesday and Thursday, federal prudential regulators from the Federal Reserve, FDIC, OCC and NCUA appeared before the Senate Banking Committee and the House Financial Services Committee to discuss the economic impact of the COVID-19 pandemic.

MBA Advocacy Update–Nov. 9, 2020

MBA continues to closely monitor the results of our national elections and will provide a more thorough analysis as remaining details are finalized. In addition, MBA is closely tracking three California ballot initiatives that impact the real estate finance industry.

MBA Advocacy Update–Nov. 9, 2020

MBA continues to closely monitor the results of our national elections and will provide a more thorough analysis as remaining details are finalized. In addition, MBA is closely tracking three California ballot initiatives that impact the real estate finance industry.

MBA Advocacy Update Nov. 2, 2020

On Wednesday, HUD extended FHA’s appraisal and reverification of employment flexibilities through December 31. On Tuesday, MBA submitted comments in response to the proposed interagency flood insurance Q&A jointly issued by the OCC, the Federal Reserve, FDIC, NCUA and FCA. Also on Tuesday, MBA issued a call to action to MAA members in Pennsylvania urging Gov. Tom Wolf to approve legislation (HB 2370) that would permanently enable the use of RON in the state.

MBA Advocacy Update Oct. 26, 2020

On Monday at the MBA Annual Convention and Expo 2020, Federal Housing Finance Agency Director Mark Calabria announced a proposed rule regarding development of new products and activities by the GSEs.

MBA Advocacy Update Oct. 26, 2020

On Monday at the MBA Annual Convention and Expo 2020, Federal Housing Finance Agency Director Mark Calabria announced a proposed rule regarding development of new products and activities by the GSEs.

MBA Advocacy Update Oct. 19, 2020

On Tuesday, MBA submitted comments supporting the Federal Housing Finance Agency’s proposed rule to extend the current GSE affordable housing goals by one year to allow for a better assessment of the economic landscape. In addition, MBA is continuing to work with its state and local partner associations to advocate for extension of work-from-home guidance and “no action” letters permitting state licensed staff to work remotely during the pandemic.

MBA Urges FHFA to Extend Current GSE Affordable Housing Goals

The Mortgage Bankers Association, in a letter this week to the Federal Housing Finance Agency, said FHFA should extend current affordable housing goals for Fannie Mae and Freddie Mac, given current economic uncertainty.

MBA Advocacy Update Oct. 12, 2020

On Monday, MBA submitted comments to the Federal Housing Finance Agency in response to its Strategic Plan for Fiscal Years 2021-2024. The Strategic Plan includes several important reforms to the market conduct of the GSEs. And on Wednesday, the Consumer Financial Protection Bureau released new guidance on RESPA and marketing services agreements.