Take Action With the Mortgage Action Alliance
In This Section
Speak directly with your members of Congress, state legislators and federal regulators about the impact of proposed legislation or regulations with the Mortgage Action Alliance, Inc.® (MAA). This voluntary, non-partisan and free nationwide grassroots lobbying network of real estate finance industry professionals, affiliated with the Mortgage Bankers Association (MBA), is dedicated to strengthening the industry's voice and lobbying power in Washington, DC and state capitals across America.
Get involved with MAA to play an active role in how laws and regulations that affect the industry and consumers are created and carried out by lobbying and building relationships with policymakers. It only takes a moment to get started, and you do not have to be a member of MBA to enroll.
Gene M. Lugat, Executive Vice President of PrimeLending and current chairman of the Mortgage Action Alliance (MAA) lays out his objectives for strengthening our industry's advocacy efforts, and talks about the importance of joining MAA.
Take Action: Urge Congress to Act on GSE Reform
MBA recently released a new white paper entitled GSE Reform: Creating a Sustainable, More Vibrant, Secondary Mortgage Market which provides a detailed picture of a reformed and revitalized secondary mortgage market. We need your help to get the word out and educate elected officials on this important issue.
Legislative Updates from the Mortgage Action Alliance
The Senate adopted the GOP tax reform plan early Saturday morning by a vote of 51-49. The bill contains a broad mix of provisions impacting the real estate finance industry. Last Tuesday, MAA issued a Call to Action urging members to contact their senators in opposition to a provision that would drastically change the tax treatment of mortgage servicing rights (MSRs). Over 4,300 advocates responded, sending over 8,600 letters to 98 Senate offices. Thank you to those of you who took action! Due to the swift action of MAA members, the integrated lobbying team at MBA was able to successfully work with several individual Senate offices to ensure that the bill was amended in the industry's favor. The effectiveness of MBA's advocacy on this issue was referenced in a Wall Street Journal article on Monday.
And a bipartisan regulatory relief bill (S. 2155) was advanced by the Senate Banking Committee yesterday by a vote of 16-7. The legislation contains several of MBA's priorities including: SAFE Act Amendments to create a transitional authority to originate loans, consumer protections for Property Assessed Clean Lending (PACE) loans, relief from HMDA reporting requirements for some institutions, as well as important fixes to TRID. MAA has issued a Call to Action urging members to contact their senators in support of the bill in order to ensure that it is considered on the Senate floor.
December 6, 2017