MBA’s President and CEO Bob Broeksmit, CMB, issued a statement on the Jan. 2 Federal Housing Finance Agency (FHFA) and U.S. Treasury amendments to the Preferred Stock Purchase Agreements (PSPAs).
Tag: Treasury Department
MBA Chart of the Week: 30-Year Fixed Mortgage Rate and 10-Year Treasury Yield
This week’s Chart of the Week examines the spread between the 30-year fixed mortgage rate and 10-year Treasury yield.
The FHFA Foreclosure Suspension for Borrowers Applying for Relief through Homeowner Assistance Fund; Implications for Servicers
Pete Mills, Senior Vice President of Residential Policy and Member Services with the Mortgage Bankers Association, cautioned that the policy could have unintended consequences for mortgage servicers.
MBA Lends Support for Bill that Would Curb IRS/Treasury Account Queries
The Mortgage Bankers Association sent a letter of support last week To Sen. Tim Scott, R-S.C., who introduced a bill would prevent the Internal Revenue Service and the Treasury Department from imposing unusual reporting requirements on financial services providers to track and submit customer account information.
CDC Extends National Residential Eviction Moratorium for Final Time to July 31
The Centers for Disease Control and Prevention on Thursday extended its nationwide residential eviction moratorium by another month, to July 31.
MBA Mortgage Action Alliance Call to Action Urges Flexibility on GSE Purchase Caps
The Mortgage Bankers Association’s grassroots advocacy arm, the Mortgage Action Alliance, issued a Call to Action last week, asking its members contact their members of Congress to allow flexibility in implementation of new purchase caps placed on Fannie Mae and Freddie Mac.
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.
MBA Letter Offers Support for Yellen Treasury Nomination
Janet Yellen, President-Elect Joseph Biden Jr.’s nominee for Treasury Secretary, appears this morning for a confirmation hearing before the Senate Finance Committee. Ahead of the hearing, the Mortgage Bankers Association sent a letter in support of her nomination.
FHFA Amends GSE Stock Purchase Agreements; Leaves Decision on Conservatorship to Biden Administration
Fannie Mae and Freddie Mac will not exit federal conservatorship under the Trump Administration; the Federal Housing Finance Agency will leave that decision to the Biden Administration, FHFA said Thursday.
MBA, Trade Groups Urge Treasury to Promote ‘Critical Reforms’ of GSEs
More than 12 years after the federal government placed Fannie Mae and Freddie Mac under conservatorship—and seemingly no closer to moving them out of conservatorship—the Mortgage Bankers Association and several industry trade groups urged the Treasury Department to promote “critical reforms” of the GSEs and bolster their safety and soundness.