MBA Advocacy Update

This past Tuesday, the House Financial Services Committee held a hearing, The End of Affordable Housing? A Review of the Trump Administration’s Plans to Change Housing Finance in America, with testimony provided by Treasury Secretary Steven Mnuchin, HUD Secretary Ben Carson and FHFA Director Mark Calabria.

MBA Letter Lauds FDIC Proposed ‘Safe Harbor’ Rulemaking

The Mortgage Bankers Association, in an Oct. 21 letter to the Federal Deposit Insurance Corp., expressed strong support for a proposed rulemaking that would remove barriers for issuance of private residential mortgage-backed securities without jeopardizing safety and soundness of RMBS sponsors or investors.