MBA Advocacy Spurs Crackdown on Deceptive VA Loan Marketing

The settlements signal a remarkable effort by the Consumer Financial Protection Bureau to hold lenders accountable for their dealings with the nation’s veterans—and the culmination of advocacy by the Mortgage Bankers Association to protect earned benefits for servicemembers, veterans and surviving spouses.

MBA Advocacy Spurs Crackdown on Deceptive VA Loan Marketing

The settlements signal a remarkable effort by the Consumer Financial Protection Bureau to hold lenders accountable for their dealings with the nation’s veterans—and the culmination of advocacy by the Mortgage Bankers Association to protect earned benefits for servicemembers, veterans and surviving spouses.

MBA Advocacy Spurs Crackdown on Deceptive VA Loan Marketing

The settlements signal a remarkable effort by the Consumer Financial Protection Bureau to hold lenders accountable for their dealings with the nation’s veterans—and the culmination of advocacy by the Mortgage Bankers Association to protect earned benefits for servicemembers, veterans and surviving spouses.

MBA Advocacy Update Sept. 14, 2020

With Congress (most notably the Senate) unable to reach consensus on the passage of any additional COVID-related economic relief, MBA sent a letter last Tuesday to the CFPB responding to the Bureau’s proposed rule revising the General QM definition. The letter explains MBA’s support for the price-based QM construct, and offers several recommendations to help ensure the rule meets its stated goals of robust consumer protections and broad access to sustainable credit.

MBA Offers Recommendations to FHFA on New GSE Capital Framework

The Mortgage Bankers Association asked the Federal Housing Finance Agency to restructure the capital framework for Fannie Mae and Freddie Mac, moving from past business models to a market utility approach that enables them to meet all of their obligations.