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.
You can share this animated video with your colleagues, which outlines MBA's advocacy programs and the importance of getting involved.
Share Your Story With Your Elected Officials
Write a letter to your elected officials introducing yourself and your business. Be sure to mention your impact on your local community.
Legislative Updates from the Mortgage Action Alliance
Last week, MBA led a broad coalition of 29 groups in an open letter calling on the Trump administration and Congress to complete the job of reforming the GSEs.The letter coincided with the ten year anniversary of the GSEs being placed into conservatorship, as well as a House hearing where Financial Services Committee Chairman Jeb Hensarling (R-TX) and Reps. John Delaney (D-MD) and Jim Himes (D-CT) released a bipartisan "discussion draft"designed to eliminate Fannie Mae and Freddie Mac and replace the current secondary mortgage market structure with a multiple guarantor, Ginnie Mae-centric platform.
The next two weeks on Capitol Hill will be abbreviated due to the Jewish Holidays while House and Senate negotiations on funding the government will continue, with a September 30th end of fiscal year looming large. The Senate returns today and will vote on the nomination of Charles Rettig to be IRS Commissioner. The Senate Judiciary Committee has scheduled a vote on Brett Kavanaugh's nomination to the Supreme Court tomorrow, but Democrats will likely delay the vote until next week.
Tomorrow, the House Financial Services Committee will host a markup on several bills, including H.R. 5534, the bipartisan GUIDE Act introduced by Reps. Sean Duffy (R-MI) and Ed Perlmutter (D-CO) designed to provide a "rule on rules" and needed clarity with respect to the issuance of both rules and guidance by the BCFP, and H.R. 6737, as just introduced by Rep. Lee Zeldin (R-NY), which seeks to fix the VA "orphan loan" problem (in the wake of the enactment of Title III of S. 2155).
Meanwhile, New Hampshire and Rhode Island are the final two states hosting primary elections this week.
September 12, 2018