MBA Statement on Senate Banking Committee Approval of Regulatory Relief Bill

CONTACT
Rob Van Raaphorst
rvanraaphorst@mba.org
(202) 557- 2799

WASHINGTON, D.C. (December 5, 2017) - David H. Stevens, CMB, President and CEO of the Mortgage Bankers Association (MBA) released the following statement applauding the Senate Banking Committee and Chairman Mike Crapo (R-Idaho) for approving today S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act.

"I want to commend Chairman Crapo and the bipartisan group of senators supporting this legislation for advancing this bill today. The mortgage related provisions of this bill provide important relief to the housing market by addressing key regulations including HMDA and the TILA/RESPA integrated disclosure. We are also glad that the bill amends the SAFE Act to provide increased job mobility for loan originators, and includes language addressing concerns with PACE lending. We now look forward to working with other policymakers as this legislation advances to the full Senate."