Three federal bank regulatory agencies this week finalized a rule to modify the treatment of high volatility commercial real estate, a move long advocated by the Mortgage Bankers Association.
Tag: Robert Broeksmit
MBA Urges Banking Committee Support for Brian Montgomery HUD Nomination
Ahead of a nomination hearing this morning, the Mortgage Bankers Association urged the Senate Banking Committee to approve Brian Montgomery’s nomination as HUD Deputy Secretary.
House Passes TRIA Reauthorization; Senate Banking Committee Votes Today
The House yesterday passed legislation reauthorizing the Terrorism Risk Insurance Act for seven years. The Senate Banking Committee is expected to take up a companion bill this morning.
FHA Actuarial Report Shows MMI Fund Capital Ratio at 12-Year High
FHA released its 2019 Annual Report to Congress this morning, showing the FHA Mutual Mortgage Insurance Fund–which fell to dangerously low levels earlier in the decade–rose to its highest level since fiscal year 2007.
FHA Actuarial Report Shows MMI Fund Capital Ratio at 12-Year High
FHA released its 2019 Annual Report to Congress, showing the FHA Mutual Mortgage Insurance Fund–which fell to dangerously low levels earlier in the decade–rose to its highest level since fiscal year 2007.
MBA Advocacy Update
Last Friday, MBA President and CEO Bob Broeksmit, CMB, attended a White House meeting chaired by HUD Secretary Ben Carson and attended by other senior administration officials and key industry stakeholders to discuss housing affordability. And on Monday, the Federal Housing Finance Agency announced it is seeking comment on pooling practices for Fannie Mae and Freddie Mac in the Uniform Mortgage-Backed Securities market.
HUD, Justice Department Reach Agreement on False Claims Act Violations
AUSTIN, TEXAS–HUD and the Department of Justice today signed a memorandum of understanding outlining “prudent” guidance for False Claims Act violations, a move that analysts said could help eliminate uncertainty in FHA lending and provide incentives for private market lending in government lending programs.
Broeksmit: For Mortgage Industry, a Year of Results, Challenges
AUSTIN, TEXAS–Mortgage Bankers Association President & CEO Robert Broeksmit, CMB, delivered opening remarks to attendees here at the MBA Annual Convention & Expo that focused on a number of MBA accomplishments over the past year, as well as a list of challenges still facing the real estate finance industry.
MBA Elects 2020 Board of Directors
AUSTIN, TEXAS–The Mortgage Bankers Association swore in its Board of Directors for the 2020 membership year here at the association’s 2019 Annual Convention & Expo.
MBA, Trade Group CEO Letter Urges Policymakers to Get Housing Reform ‘Right this Time’
Mortgage Bankers Association President & CEO Robert Broeksmit, CMB, and the leaders of three other major industry trade groups penned a letter yesterday that appeared in American Banker, urging policymakers to take “thoughtful and balanced” approach to housing reform to get it “right this time.”