MBA, Trade Groups Reiterate Opposition to G-Fee Offsets

Fresh off of last week’s regulatory victory in which the Federal Housing Finance Agency withdrew its controversial adverse market refinance fee, the Mortgage Bankers Association and several dozen industry trade groups took fresh aim at another controversial practice—a move in Congress to use the government-sponsored enterprises’ guaranty fees—known as “g-fees”—to offset funding for non-housing programs.

The Week Ahead—Feb. 8, 2021

Good morning! Welcome to another extraordinary week in Washington. Beginning Tuesday, Feb. 9, former President Donald Trump faces an historic second impeachment trial in the Senate.

The Week Ahead

Good morning and happy Monday! Welcome to October; or as 2020 would say, “hold my beer.”

The Week Ahead

Good morning! And congratulations—you’ve made it through another month of 2020! Only five more months to go! Just don’t open any unsolicited seed packets…

Senate Confirms Dana Wade as FHA Commissioner

he Senate yesterday confirmed Dana Wade as FHA Commissioner by a 57-40 vote. The Mortgage Bankers Association strongly supported Wade’s nomination.

The Week Ahead

Congress was expected to reconvene today. The Senate is here; the House is not. House Democrats decided last week that the proximity of 435 Members—some wearing face masks, some defiantly not—was not prudent, particularly in a city that saw its highest death tolls yet from the coronavirus over the past several days.