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
Yesterday, Senate leaders reached a bipartisan two-year budget deal that is now expected to be considered by both houses of Congress later today. Though the agreement faces greater uncertainty in the House (due to immigration and deficit concerns), Congress must pass a funding measure before midnight tonight to avoid another government shutdown.
This morning, the full House passed H.R. 1153, the Mortgage Choice Act. This MBA-supported bipartisan bill would adjust the Truth in Lending Act's definition of "points and fees" to ensure greater consumer choice in mortgage and settlement services under the Ability to Repay/Qualified Mortgage (QM) rule. On Tuesday, Treasury Secretary Steven Mnuchin testified before the House Financial Services Committee, providing its members with the Financial Stability Oversight Council's (FSOC) Annual Report to Congress. Mnuchin touched frequently on tax reform implementation and housing finance reform during his appearance, which came on the heels of his parallel testimony before the Senate Banking Committee last week.
February 8, 2018