Take Action With the Mortgage Action Alliance (MAA)

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.

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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.

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Legislative Updates from the Mortgage Action Alliance

Last Friday, President Donald Trump signed the CARES Act, the stimulus measure approved by the Senate on Thursday and the House earlier on Friday. For more information about the bill and a detailed summary of what the bill contains, please check out today's earlier member communication from MBA President and CEO Bob Broeksmit, CMB. 

This past Sunday, MBA President & CEO Bob Broeksmit, CMB, sent an urgent letter to FINRA and the SEC, asking them to urge their regulated broker-dealers to relax margin calls for mortgage banking clients hedging their pipelines.

And this past Saturday, Senate Banking Committee Chairman Mike Crapo (R-ID) sent a letter to the Treasury Department and Federal Reserve, which urged them to act quickly to issue guidance to the marketplace to ensure that businesses, states, municipalities, and Tribes understand what programs and facilities are available and, importantly, also encouraged them to prioritize 13(3) facilities that stabilize markets the FSOC has highlighted, such as residential and multifamily mortgage servicing.

MBA remains active on efforts regarding the coronavirus (COVID-19) pandemic. We have created new community pages for both our residential and commercial/multifamily members as another way to update our members on key policy issues regarding COVID-19. Please continue to stay safe during this time, and feel free to reach out to us if you have any questions or if there is anything we can do to be of help.

March 31, 2020

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2019-2020 MAA Chairman Jeffrey C. Taylor

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