MBA Urges Treasury, FHFA to Reconsider GSE Purchase Caps

The Mortgage Bankers Association on Monday asked for a meeting with Treasury and Federal Housing Finance Agency officials to address MBA member concerns over newly imposed limits on government-sponsored enterprise operations that could cause potential disruptions to the housing finance system.

Sen. Toomey Issues Housing Finance Reform Principles

Sen. Pat Toomey, R-Pa., ranking member of the Senate Banking Committee, yesterday released a set of guiding principles for housing finance reform, a move welcomed by the Mortgage Bankers Association.

House Gives Final Approval to $1.9 Trillion Stimulus Package

The House on Wednesday approved a $1.9 trillion economic stimulus package, giving the Biden Administration a key legislative victory and providing relief to millions of Americans affected by the coronavirus pandemic. President Biden signed the bill into law on Thursday.

House Gives Final Approval to $1.9 Trillion Stimulus Package

The House yesterday approved a $1.9 trillion economic stimulus package, giving the Biden Administration a key legislative victory and providing relief to millions of Americans affected by the coronavirus pandemic.

MBA Letters Address GSE Liquidity Requirements, ‘Living Wills’

The first letter offers recommendations on how FHFA can improve its framework for codifying new liquidity requirements for Fannie Mae and Freddie Mac. The second letter addresses an FHFA proposal to require Fannie and Freddie to develop and maintain “living wills” in the event one or both of them becomes insolvent.

Senate Confirms Marcia Fudge as HUD Secretary

The Senate Wednesday afternoon confirmed Marcia Fudge, the Biden Administration’s nominee as HUD Secretary, by a 66-34 vote. The Senate also approved Merrick Garland’s nomination as Attorney General.

MBA Letters Address GSE Liquidity Requirements, ‘Living Wills’

The first letter offers recommendations on how FHFA can improve its framework for codifying new liquidity requirements for Fannie Mae and Freddie Mac. The second letter addresses an FHFA proposal to require Fannie and Freddie to develop and maintain “living wills” in the event one or both of them becomes insolvent.