On Tuesday, MBA, along with several trade organizations, submitted a letter to the Office of the Comptroller of the Currency responding to its approach to the Community Reinvestment Act. On Thursday, the House Financial Services Committee held a hearing on the next COVID-19 relief legislation. And the Senate Banking Committee approved Rep. Marcia Fudge’s nomination to be HUD secretary.
Tag: Pete Mills
MBA Comment Letter Asks Level Playing Field on Consumer Access to Financial Records
The Mortgage Bankers Association submitted a comment letter yesterday to the Consumer Financial Protection Bureau, asking that a Bureau proposal on consumer access to financial records provide a level playing field for all authorized data users and promotes consumer awareness in the ways that data are accessed and used.
MBA Advocacy Update Feb. 2 2021
On Jan. 28, the Senate Banking Committee conducted a hearing on the nomination of Rep. Marcia Fudge (D-OH) to serve as the next HUD Secretary. Also last week, Senz. Ben Cardin (D-MD) and Rob Portman (R-OH) introduced S. 98, the Neighborhood Homes Investment Act, a bill that would create a new federal tax credit to fuel development in underserved rural and urban communities across the country.
MBA Advocacy Update Feb. 1 2021
On Jan. 28, the Senate Banking Committee conducted a hearing on the nomination of Rep. Marcia Fudge (D-OH) to serve as the next HUD Secretary. Also last week, Senz. Ben Cardin (D-MD) and Rob Portman (R-OH) introduced S. 98, the Neighborhood Homes Investment Act, a bill that would create a new federal tax credit to fuel development in underserved rural and urban communities across the country.
MBA Advocacy Update, Jan. 25, 2021
On Wednesday, HUD issued a waiver allowing FHA to insure loans to borrowers with residency under the DACA program. And on Tuesday, FHFA issued an RFI on risks posed by climate change and natural disasters to Fannie Mae, Freddie Mac, the Federal Home Loan Banks and the broader housing finance system.
MBA Advocacy Update, Jan. 25, 2021
On Wednesday, HUD issued a waiver allowing FHA to insure loans to borrowers with residency under the DACA program. And on Tuesday, FHFA issued an RFI on risks posed by climate change and natural disasters to Fannie Mae, Freddie Mac, the Federal Home Loan Banks and the broader housing finance system.
MBA Advocacy Update: Jan. 20, 2021
With congressional majorities now settled and the Biden-Harris Inauguration Day looming, on Thursday the Treasury Department and the Federal Housing Finance Agency released an amendment to the Preferred Stock Purchase Agreements governing the conservatorships of Fannie Mae and Freddie Mac. Importantly, the revisions do not call for the premature release of the GSEs from conservatorship, heeding the concerns MBA had raised in recent weeks about potential market disruptions from a rushed exit.
MBA Advocacy Update
With congressional majorities now settled and the Biden-Harris Inauguration Day looming, on Thursday the Treasury Department and the Federal Housing Finance Agency released an amendment to the Preferred Stock Purchase Agreements governing the conservatorships of Fannie Mae and Freddie Mac. Importantly, the revisions do not call for the premature release of the GSEs from conservatorship, heeding the concerns MBA had raised in recent weeks about potential market disruptions from a rushed exit.
MBA Advocacy Update: Jan. 11, 2021
On Tuesday, the Federal Housing Finance Agency released the final 2021 Underserved Markets Plans for the GSEs under the Duty to Serve program. On Monday, MBA submitted comments in support of a proposed rule on supervisory guidance issued by a group of federal financial regulators.
MBA Advocacy Update: Jan. 11, 2021
On Tuesday, the Federal Housing Finance Agency released the final 2021 Underserved Markets Plans for the GSEs under the Duty to Serve program. On Monday, MBA submitted comments in support of a proposed rule on supervisory guidance issued by a group of federal financial regulators.