#MBASpring21: Administration Acknowledges Issues with GSE Product Caps

During the final months of the Trump Administration, the Federal Housing Finance Agency implemented product caps on Fannie Mae and Freddie Mac through their Senior Preferred Stock Purchase Agreements—a move that the Mortgage Bankers Association called “disruptive” for many of its members.

#MBASPRING21 Broeksmit: Industry Faces ‘Different Landscape’ in 2021

So, if 2020 was one of the strangest years on record, is 2021 the “hold my beer” year? Mortgage Bankers Association President & CEO Robert Broeksmit, CMB, says the real estate finance industry is facing a “very different landscape” fraught with potential difficulties.

#MBASPRING21 Broeksmit: Industry Faces ‘Different Landscape’ in 2021

So, if 2020 was one of the strangest years on record, is 2021 the “hold my beer” year? Mortgage Bankers Association President & CEO Robert Broeksmit, CMB, says the real estate finance industry is facing a “very different landscape” fraught with potential difficulties.

MBA Urges No Delay to CFPB QM Final Rule

The Mortgage Bankers Association, in a letter yesterday to the Consumer Financial Protection Bureau, urged the Bureau not to delay the effective date of its new General Qualified Mortgage Rule, saying the Bureau’s rationale for delaying the rule would not accomplish its stated goals nor benefit consumers.

MBA Urges No Delay to CFPB QM Final Rule

The Mortgage Bankers Association, in a letter yesterday to the Consumer Financial Protection Bureau, urged the Bureau not to delay the effective date of its new General Qualified Mortgage Rule, saying the Bureau’s rationale for delaying the rule would not accomplish its stated goals nor benefit consumers.

The Biden Administration Infrastructure Proposal: What it Means

On Wednesday, the Biden Administration released its $2 trillion-plus American Rescue Plan, an ambitious proposal to invest in infrastructure, create jobs and position the U.S. to compete better globally—of which housing plays a central role.