Policymakers have gone to great lengths to provide servicers and borrowers the tools they need to bring about a successful resolution in the vast majority of cases. I hope that policymakers will continue to allow servicers to do what they do best – help their customers.
Tag: Robert Broeksmit CMB
FHA Actuarial Report: Capital Ratio Grows to 8.03%; HECM Ratio Positive for First Time Since 2015
HUD on Monday released its fiscal year 2021 report to Congress on the financial health of the Federal Housing Administration Mutual Mortgage Insurance Fund, showing a nearly 2 percent increase in the fund’s capital ratio to more than 8 percent, well above its congressionally mandated minimum of 2 percent.
‘Together Again’—and Not a Moment Too Soon
SAN DIEGO—For the first time in two years, the Mortgage Bankers Association is holding a live Annual Convention & Expo. And MBA President & CEO Bob Broeksmit, CMB, had a message for the nearly 3,500 in attendance.
MBA Launches Member Action Pledge to Promote Minority Homeownership, Affordable Rental Housing, DEI
SAN DIEGO—Mortgage Bankers Association Chairman Kristy Fercho on Monday announced the Home for All Pledge, an MBA member company action pledge to promote minority homeownership, affordable rental housing and company diversity, equity and inclusion.
FHFA Increases Fannie Mae, Freddie Mac Multifamily Loan Purchase Caps
The Federal Housing Finance Agency on Wednesday increased the 2022 multifamily loan purchase caps for Fannie Mae and Freddie Mac to $78 billion each.
Broeksmit: MBA ‘Working Hard for You’
Mortgage Bankers Association President & CEO Robert Broeksmit, CMB, kicked off the MBA Risk Management, QA and Fraud Prevention Forum with a tacit acknowledgement that the past year has been the busiest for the real estate finance industry in years.
MBA Announces Policy Initiative to Close Racial Homeownership Gap
The Mortgage Bankers Association on Monday announced a policy initiative, Building Generational Wealth Through Homeownership, aimed at providing industry leadership and direction for reducing the racial homeownership gap, developing and supporting policies that support sustainable homeownership for communities of color and promoting fair, equitable and responsible lending for minority borrowers.
MBA CONVERGENCE Environmental Scan Examines Affordable Rental Housing Challenges, Opportunities
MBA CONVERGENCE, the national strategy by the Mortgage Bankers Association to bring together lenders, community leaders and public officials for new solutions to America’s affordable housing challenges, this week released an Environmental Scan examining affordability challenges in rental housing markets.
FHFA, Treasury Suspend Portions of GSE 2021 Preferred Stock Purchase Agreements
The Federal Housing Finance Agency and the Treasury Department on Sept. 14 suspended certain provisions added to the Preferred Stock Purchase Agreements with Fannie Mae and Freddie Mac in January.
Biden Nominates Alanna McCargo to Head Ginnie Mae
The Biden Administration on Monday nominated Alanna McCargo as President of Ginnie Mae. The Mortgage Bankers Association issued a statement in support.