MBA Update on Debt Limit

Responding to MBA member concerns about the negative market and operational impacts for real estate finance firms in the event of a U.S. debt default, MBA President & CEO Bob Broeksmit, CMB, released the following statement.

MBA Update on Debt Limit

Responding to MBA member concerns about the negative market and operational impacts for real estate finance firms in the event of a U.S. debt default, MBA President & CEO Bob Broeksmit, CMB, released the following statement.

MBA Amicus Brief: Lenders Not Liable for Actions of Independent Appraisers

The Mortgage Bankers Association on Friday filed an amicus brief in litigation in response to a statement of interest filed by the Consumer Financial Protection Bureau and Department of Justice examining the liability standard that would apply to lenders for the acts of independent, third-party appraisers.

MBA Amicus Brief: Lenders Not Liable for Actions of Independent Appraisers

The Mortgage Bankers Association on Friday filed an amicus brief in litigation in response to a statement of interest filed by the Consumer Financial Protection Bureau and Department of Justice examining the liability standard that would apply to lenders for the acts of independent, third-party appraisers.

To the Point with Bob: FHFA Needs a Better Plan on Loan-Level Pricing Fees

On March 15, the Federal Housing Finance Agency announced that it would postpone the implementation of loan-level pricing adjustment fees that would be based on a borrowers’ debt-to-income ratio in Fannie Mae and Freddie Mac’s single-family pricing grids until deliveries on or after August 1. The delay creates an opening for FHFA to get the policy right. The DTI-based LLPA is unworkable and should be replaced.