As the July 31 federal eviction moratorium expiration approaches, the Biden administration, Consumer Financial Protection Bureau, the Mortgage Bankers Association and industry groups are working together to inform apartment owners and renters about the rental assistance programs available to them.
Tag: Robert Broeksmit CMB
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“MBA appreciates and supports the Biden administration and CFPB awareness campaign to make sure tenants and landlords take advantage of the emergency rental assistance programs available to help cover rent, utilities and other housing costs. With the CDC nationwide eviction moratorium set to expire on July 31, we are working closely with our multifamily loan servicing members to communicate to their borrowers that billions of dollars is available to help tenants and landlords in need.”
–MBA President and CEO Bob Broeksmit, CMB.
MBA Supports CSBS Prudential Standards for Nonbank Mortgage Servicers
On Tuesday the Conference of State Bank Supervisors released model state regulatory prudential standards for nonbank mortgage servicers. MBA President and CEO Bob Broeksmit, CMB, immediately expressed support for the standards.
MBA Supports CSBS Prudential Standards for Nonbank Mortgage Servicers
On Tuesday the Conference of State Bank Supervisors released model state regulatory prudential standards for nonbank mortgage servicers. MBA President and CEO Bob Broeksmit, CMB, immediately expressed support for the standards.
MBA Launches CONVERGENCE: Columbus
The Mortgage Bankers Association this week launched a major pilot program to promote minority homeownership opportunities in Columbus, Ohio.
MBA Launches CONVERGENCE: Columbus
The Mortgage Bankers Association this week launched a major pilot program to promote minority homeownership opportunities in Columbus, Ohio.
FHFA Eliminates 50 Basis Point ‘Adverse Market Refinance Fee’
The Federal Housing Finance Agency announced that Fannie Mae and Freddie Mac will eliminate the 50 basis point “Adverse Market Refinance Fee” for loan deliveries effective August 1.
FHFA Eliminates 50 Basis Point ‘Adverse Market Refinance Fee’
The Federal Housing Finance Agency announced today that Fannie Mae and Freddie Mac will eliminate the 50 basis point “Adverse Market Refinance Fee” for loan deliveries effective August 1.
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“We have called on FHFA to rescind this policy [the Adverse Market Refinance Fee] and appreciate that they have reviewed the data and been responsive to our request. With less than 2 percent of GSE loans in forbearance and continued home price appreciation resulting in significant borrower equity, there is no need for the fee.”
–MBA President and CEO Robert Broeksmit, CMB
People in the News July 6, 2021
The Mortgage Bankers Association announced Teressa Lurk, Vice President of Marketing and Design, was recognized by HousingWire as a recipient of the publication’s inaugural 2021 Marketing Leader award, which recognizes creative and influential marketing minds in the housing industry.