Broeksmit Testifies That MBA Opposes Certain Provisions of the Basel III Proposal

MBA President and CEO Robert Broeksmit, CMB, testified before Congress last week. He told the House Financial Services Committee that MBA strongly opposes key elements of the Basel III proposal, which, absent significant revisions, could increase borrowing costs and reduce credit availability.

MBA Letter Offers Recommendations on 2 House Bills

The Mortgage Bankers Association, in a May 12 letter to House Financial Services Committee leadership, expressed concerns with two bills currently under the Committee’s consideration and offered recommendations to improve those bills.

MBA Letter Outlines Fiscal 2021 Budget Priorities

The Mortgage Bankers Association, in a Feb. 10 letter to the House Financial Services Committee, outlined several priorities it supports as the committee wrestles with its markup of the federal government’s fiscal 2021 budget.

House Committee Asks Regulators, Financial Institutions to Report on Coronavirus Actions

House Financial Services Committee Chair Maxine Waters, D-Calif., sent a letter to Administration officials, regulators and financial services organizations (including MBA President and CEO Robert Broeksmit, CMB, and credit reporting agencies expressing concerns about risks related to the coronavirus pandemic and steps they are taking to prevent Americans and the financial system from being harmed.

CIAT Urges Renewal of Terrorism Risk Insurance Act

With the Terrorism Risk Insurance Act set to expire (again) at the end of 2020, the House Financial Services Committee isn’t wasting time in pushing its reauthorization. And neither is the Coalition to Insure Against Terrorism, of which the Mortgage Bankers Association is a member.