During the final months of the Trump Administration, the Federal Housing Finance Agency implemented product caps on Fannie Mae and Freddie Mac through their Senior Preferred Stock Purchase Agreements—a move that the Mortgage Bankers Association called “disruptive” for many of its members.
Tag: Robert Broeksmit CMB
#MBASPRING21 Broeksmit: Industry Faces ‘Different Landscape’ in 2021
So, if 2020 was one of the strangest years on record, is 2021 the “hold my beer” year? Mortgage Bankers Association President & CEO says the real estate finance industry is facing a “very different landscape” fraught with potential difficulties.
MBA Asks FHFA to Align Actions on Climate Change with Core Principles
The Mortgage Bankers Association recommended the Federal Housing Finance Agency align its actions on climate change and natural disaster risks with a set of core principles to reduce risk.
MBA Urges No Delay to CFPB QM Final Rule
The Mortgage Bankers Association, in a letter yesterday to the Consumer Financial Protection Bureau, urged the Bureau not to delay the effective date of its new General Qualified Mortgage Rule, saying the Bureau’s rationale for delaying the rule would not accomplish its stated goals nor benefit consumers.
HUD: FHA Mutual Mortgage Insurance Fund Programs on Track; No Plans to Change Premiums
HUD released its quarterly report to Congress on the FHA Single-Family Mutual Mortgage Insurance Fund Programs. The report said the MMIF stands at more than $80 billion and remains well above the 2% minimum capital reserve required by Congress.
MBA Urges Treasury, FHFA to Reconsider GSE Purchase Caps
The Mortgage Bankers Association on Monday asked for a meeting with Treasury and Federal Housing Finance Agency officials to address MBA member concerns over newly imposed limits on government-sponsored enterprise operations that could cause potential disruptions to the housing finance system.
Sen. Toomey Issues Housing Finance Reform Principles
Sen. Pat Toomey, R-Pa., ranking member of the Senate Banking Committee, yesterday released a set of guiding principles for housing finance reform, a move welcomed by the Mortgage Bankers Association.
MBA Expresses Concerns over GSE Limits on Second Homes, Investor Properties
The Mortgage Bankers Association said it is concerned over new limits on loan deliveries for second homes and investor properties by Fannie Mae and Freddie Mac.
MBA Letters Address GSE Liquidity Requirements, ‘Living Wills’
The first letter offers recommendations on how FHFA can improve its framework for codifying new liquidity requirements for Fannie Mae and Freddie Mac. The second letter addresses an FHFA proposal to require Fannie and Freddie to develop and maintain “living wills” in the event one or both of them becomes insolvent.
MBA Letter to FHFA Offers Recommendations on Appraisal Policies
The Mortgage Bankers Association, in a Feb. 26 letter to the Federal Housing Finance Agency, offered a set of recommendations aimed at promoting and modernizing the appraisal process.