MBA, Business Coalition Letter Opposes FTC Non-Compete Ban Proposed Rule

The Mortgage Bankers Association, the U.S. Chamber of Commerce and more than 300 industry trade and business groups sent a letter to the Federal Trade Commission to “unequivocally oppose” a proposed rule that would impose a nationwide ban on nearly all non-compete clauses.

Quote: Tuesday Mar. 7, 2023

“Policymakers must provide the certainty necessary for the industry to transition beyond the pandemic by addressing two issues: 1) the necessary extension of the successful ‘temporary flexibilities’ into permanent solutions and 2) loss mitigation in a high-interest rate environment. It will be essential for Congress, the administration and policymakers at all levels to take the coordinated actions necessary to ensure that servicers can continue to support struggling borrowers.”
–From an MBA White Paper on loss mitigation strategies.

(#MBAServicing23) Jones: More Challenges Ahead for Servicers

ORLANDO–Mortgage Bankers Association Chairman-Elect Mark Jones kicked off the MBA Servicing Solutions Conference & Expo here with a thank-you to the mortgage servicing industry’s “heroic” work during the coronavirus epidemic, now in its third full year.

(#MBAServicing23) Government Agencies Stress Flexibility

ORLANDO—Representatives of government agencies here at the Mortgage Bankers Association’s Servicing Solutions Conference & Expo stressed their agility in addressing key issues facing mortgage servicers.