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
Earlier today, CFPB director Richard Cordray announced that he will resign by the end of the month. President Trump signaled his intention to name an acting director, fueling speculation regarding potential candidates for his replacement.
On Monday, a bipartisan group of 9 Republican and 9 Democratic senators previewed a sweeping regulatory relief bill that would address a number of MBA priorities, such as transitional origination authority for Mortgage Loan Officers and additional consumer protections for Property Assessed Clean Lending (PACE) loans. The text of the bill is not yet available, but MBA will prepare an analysis of the full bill once it is released.
Yesterday, the House passed H.R. 2874, the 21st Century Flood Reform Act, which would reauthorize and reform the National Flood Insurance Program (NFIP). Attention now turns to the Senate, which must act before the temporary NFIP extension expires on December 8.
Tax reform remained front and center last week, with the House Ways and Means Committee approving its tax reform proposal, H.R. 1 the Tax Cuts and Jobs Act, by a 24-16 party-line vote. The House is expected to vote on the passage of this bill tomorrow. The Senate Finance Committee introduced its version of tax reform last Thursday and is marking up that legislation in committee this week.
November 15, 2017