Advocacy and Policy

As the leading voice for our industry, we offer a comprehensive view of policy implications in the real estate finance space. We rely on our diverse membership to provide the practical knowledge that makes a real difference on the issues that matter most to the economy, real estate finance industry and its customers.

Explore our active issues by market focus or make a difference today by being an industry advocate. 

Spotlight on What is New and Important Right Now

  1. MBA's National Advocacy Conference 2020 is open! Attend April 21-22 in Washington, DC and this year you can bring a colleague for FREE on us! 

  2. Last week, President Donald Trump announced he will nominate Dana Wade to replace Brian Montgomery as head of the FHA. Montgomery has been serving two roles since his elevation to acting Deputy Secretary of HUD last year. MBA President and CEO Bob Broeksmit, CMB, issued a press statement commending the announcement. At the same time, MBA submitted a letter to Senate leadership in support of Montgomery's nomination to be the next Deputy Secretary of HUD  and urged the full Senate to confirm him as quickly as possible. 

  3. On January 31, the Federal Housing Finance Agency (FHFA) issued a proposal to raise the minimum financial eligibility requirements for Fannie Mae and Freddie Mac Seller/Servicers. While initial assessments are that the immediate impact on individual seller/servicers is limited, the proposal would significantly alter the relative economics of Agency and Ginnie servicing in ways that reduce liquidity for Ginnie Mae MSRs. Our key concerns include: a lack of credit in liquidity standards for actual/actual servicing, zero credit for committed MSR advance lines, impact of the 4% delinquency trigger on cost/availability of FHA/VA/RHS credit, increased pro-cyclicality and reduced liquidity for Ginnie MSRs, and a short 6 month compliance onramp. FHFA has established a 60-day comment period on the proposal.  We will be working with members on a detailed comment letter to ensure that the final directive sets reasonable standards, establishes proper incentives, provides a longer phase-in, and does not undermine Ginnie MSR liquidity/cost of credit. 

  4. In early February the Federal Housing Finance Agency (FHFA) released information on steps that Fannie Mae and Freddie Mac will be taking in the coming months to transition their businesses away from the use of the London Interbank Offered Rate (LIBOR). The actions highlighted by FHFA confirm that the GSEs will eventually discontinue purchases of LIBOR-indexed loans and begin accepting Secured Overnight Financing Rate (SOFR)-indexed loans. The notices state that the GSEs will not purchase LIBOR-indexed loans with application dates after September 30, 2020, nor will they purchase LIBOR-indexed loans (regardless of application date) after December 31, 2020.

Ways to Get Involved and Make a Difference