Advocacy and Policy
In This Section
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.
RESOURCE: Visit our Coronavirus Resource Center for information resources from the health/disease control agencies, recommended business continuity plans, relevant information from financial regulatory agencies, as well as guidance on how companies should communicate with employees, their customers and the public.
Spotlight on What is New and Important Right Now
- Claim your seat at MBA's Annual Convention and Expo, October 17-20, the nation's largest gathering of real estate finance professionals. It's the one industry event you need to attend this year for in-person networking, learning and so much more.
- Last week, MBA led a coalition of housing trades and consumer advocates that sent a letter to the lead Senate negotiators working on the Bipartisan Infrastructure Framework (BIF) urging them not to use GSE guaranty fees ("g-fees") as a source of funding offsets. To further reinforce these efforts, MBA issued a MAA Call to Action urging members to reach out to their representatives to emphasize that homeownership should not be used as the nation's "piggybank" to cover the cost of unrelated federal programs. (Last updated 07/27/21)
- Last week, CSBS finalized its model state regulatory prudential standards for IMB servicers, reflecting several key MBA reocmmendations for uniformity and alignment with federal requirements. The standards defer to fedreal requirements for servicing transfers and data privacy and security, and also include exemptions for small servicers and short-term interim servicing. MBA further worked to ensure that any servicer deemed to pose an "elevatd risk" is afforded due process protections and an opportunity to contest those findings. (Last updated 08/02/2021)
- On July 21, MBA senior staff spoke at the Federal Housing Finance Agency's (FHFA) listening session on a new radon testing standard that FHFA is considering. The new standard of 100% ground floor testing, with an additional 10% upper floor testing, is not risk-based, and would result in substantial delays in the GSEs' multifamily pipelines, while also increasing the cost of closing loans. MBA and other stakeholders will submit letters following up on remarks at the listening session to advocate for a science-based approach that protects tenants while avoiding unnecessary delays in the development of multifamily housing.