Tag: Pete Mills

This week’s top legislative and policy news from the Mortgage Bankers Association.

This week’s top legislative and policy news from the Mortgage Bankers Association.

Last week, MBA filed a joint amicus brief with the Supreme Court in Community Financial Services Association v. Consumer Financial Protection Bureau, where CFSA is challenging the constitutionality of the Bureau’s funding structure.

On Wednesday, the Federal Housing Finance Agency announced that it is rescinding the debt-to-income-based loan-level pricing adjustment that was part of the updates to Fannie Mae’s and Freddie Mac’s pricing grids announced in January.

On Wednesday, the Federal Housing Finance Agency announced that it is rescinding the debt-to-income-based loan-level pricing adjustment that was part of the updates to Fannie Mae’s and Freddie Mac’s pricing grids announced in January.

On Thursday, MBA requested the Consumer Financial Protection Bureau to proceed with rulemaking to amend the early intervention requirements and loss mitigation procedures under Regulation X.

On Thursday, MBA requested the Consumer Financial Protection Bureau to proceed with rulemaking to amend the early intervention requirements and loss mitigation procedures under Regulation X.

MBA President and CEO Bob Broeksmit, CMB, and staff continue to urge the Federal Housing Finance Agency to remove the unworkable debt-to-income price adjustment that was part of recent changes to Fannie Mae’s and Freddie Mac’s loan-level price adjustments announced in January.