Take Action With the Mortgage Action Alliance (MAA)
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.
Check out a recent edition of MBANow with the 2019-2020 MAA Chairman Jeffrey C. Taylor, Co-Founder & Managing Director of Mphasis Digital Risk, where he discusses the importance of MAA and just how easy it is for companies to get their employees 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 joined other trade associations to provide a detailed account of the costs and burdens of implementing the TRID Rule in response to the CFPB's RFI on its TRID Rule assessment. MBA submitted a comment letter to the FHFA cautioning against suggested changes to its UMBS pooling practices. And last week, House Financial Services Committee Chairwoman Maxine Waters submitted a letter to the Government Accountability Office (GAO) requesting a study on opportunities to expand credit and improve fair lending enforcement through the use of alternative data within the mortgage underwriting process. The letter also requests an examination of current financial regulators and their capacity to respond to technological changes in the mortgage space.
This week, the House will consider a comprehensive credit reporting package (Comprehensive CREDIT Act of 2020 ("CREDIT Act") that MBA has opposed due to its potential to lessen the predictive capacity of credit scores mortgage lenders rely on to underwrite soundly. MBA will be submitting a letter to House leadership outlining industry concerns. MBA will also provide feedback on the collection, use and protection of sensitive information by financial regulators and private companies to members of the House Energy and Commerce Committee, as the Committee's leadership solicit and consider policy proposals to include within a bipartisan privacy package.And earlier today, Comptroller Joseph Otting testified before the House Financial Services Committee following the December 2019 OCC and FDIC release of a Notice of Proposed Rulemaking (NPRM) on Community Reinvestment Act (CRA) modernization.
January 29, 2020