Advocacy Update Archive

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  • MBA Advocacy Update

    Last week, the Trump Administration released its proposed budget blueprint (which holds no force of law) for Fiscal Year 2020.

  • MBA Advocacy Update

    Consumer Financial Protection Bureau Director Kathy Kraninger testified before the House Financial Services Committee last week for a semi-annual review of the Bureau's ongoing efforts.

  • MBA Advocacy Update

    MBA and 27 other organizations sent a letter to FHFA Acting Director Joseph Otting on priorities for preserving access and affordability when undertaking administrative reforms to the GSEs. And Federal Reserve Chairman Jerome Powell addressed both the House and Senate, answering questions on both GS

  • MBA Advocacy Update

    Congressional leaders finalized a spending bill compromise Thursday that included a revised funding mix for border security--and nine Cabinet departments and dozens of other agencies, including HUD, through September 30. President Trump signed the legislation, which removes the immediate threat of a

  • MBA Advocacy Update

    Last week, MBA President and CEO Bob Broeksmit, CMB, participated in a CEO-level panel discussion on housing finance reform. And Comptroller of the Currency and Acting Federal Housing Finance Agency Director Joseph Otting said at a separate event that the Trump administration would prefer to end gov

  • MBA Advocacy Update

    In an attempt to keep the government open, a group of 17 lawmakers met on Wednesday to hash out a legislative solution on issues relating to homeland security. This bipartisan conference committee has until February 15 to find such a proposal that could clear both chambers of Congress and get Presid

  • MBA Advocacy Update

    The partial government shutdown shows no sign of ending soon, though negotiations between the Trump administration and congressional Democrats to reopen portions of the federal government are ongoing.

  • MBA Advocacy Update

    The partial government shutdown continued into a third week, as President Trump and newly installed leaders in Congress failed to reach agreement on spending--once again largely over the issue of "border wall" funding.

  • MBA Advocacy Update

    On Friday, MBA President and CEO Robert D. Broeksmit, CMB, testified before the House Financial Services Committee on the need for GSE reform.

  • MBA Advocacy Update

    President Donald Trump announced his intent to nominate Mark Calabria as the next Director of the Federal Housing Finance Agency. MBA President and CEO Bob Broeksmit, CMB, issued a statement congratulating Calabria on his nomination.

  • MBA Advocacy Update

    The passing of President George H.W. Bush Nov. 30 and memorial services prescribed in his honor have been much of the focus in Washington last week. President Donald Trump ordered a national day of mourning on Wednesday with the federal government closed to pay respect.

  • MBA Advocacy Update

    Congress was back in "lame duck" session last week following a Thanksgiving recess--and passed a week-long flood insurance extension to allow time for further House/Senate negotiations prior to December 7.

  • MBA Advocacy Update

    The highly anticipated 2018 midterm elections took place last week, and Democrats gained control of the House of Representatives, while Republicans increased their majority in the Senate.

  • MBA Advocacy Update

    The House and Senate remain in recess until Nov. 13. This Tuesday, voters will head to the polls to participate in the highly anticipated 2018 midterm elections where they will elect a new Congress.

  • MBA Advocacy Update

    MBA submitted an Oct. 22 letter to the Bureau of Consumer Financial Protection, signed by nearly 250 MBA member companies, urging it to revise the Loan Originator Compensation rule.

  • MBA Advocacy Update

    Last week, the Federal Housing Finance Agency, Fannie Mae and Freddie Mac announced a new Mortgage Translations clearinghouse developed to assist mortgage professionals who serve borrowers with limited English proficiency.

  • MBA Advocacy Update

    Both the House and Senate have now adjourned until after the midterm elections, with senators having achieved a bipartisan agreement to confirm 15 judicial nominations before leaving town last week. Both chambers will reconvene for a "lame duck," post-election session on Tuesday, November 13.

  • MBA Advocacy Update

    On Oct. 1, MBA submitted a comment letter providing input and feedback to the Treasury and IRS in response to proposed regulations issued in August implementing the new pass-through deduction provision contained within the Tax Cuts and Job Act.

  • MBA Advocacy Update

    This past Wednesday, the House passed H.R. 6737, the Protect Affordable Mortgages for Veterans Act, which addresses an unintended consequence from the enactment of Section 309 of S. 2155 (now PL 115-174) that caused certain VA-guaranteed loans to be ineligible for pooling as Ginnie Mae securities.

  • MBA Advocacy Update

    Scheduling on Capitol Hill continues to be abbreviated due to the Jewish holidays. House and Senate negotiations on appropriations bills and funding the government continue, with the end of the fiscal year on September 30 looming.

  • MBA Advocacy Update

    MBA last week led a broad coalition of 29 groups in a letter calling on the Trump administration and Congress to complete the job of reforming the GSEs. The letter coincided with the 10-year anniversary of the GSEs being placed into conservatorship.

  • MBA Advocacy Update

    Last week, Sens. Mark Warner, D-Va., and Mike Rounds, R-S.D. introduced the Self-Employed Mortgage Access Act, which addresses challenges presented in documenting the ability to repay for borrowers with non-traditional forms of income.

  • MBA Advocacy Update

    The Senate Banking Committee approved six nominations last week, including Kathy Kraninger to serve as Consumer Financial Protection Bureau Director and Michael Bright to serve as Ginnie Mae President.

  • MBA Advocacy Update

    The House is in recess through Labor Day, while the Senate will be back in session on August 15, when judicial nominations and spending bills will be on the agenda.

  • MBA Advocacy Update

    Last week, the Senate passed and the President signed a four-month extension of the National Flood Insurance Program, hours before a July 31 expiration. The Senate also passed a package of appropriations bills impacting funding for HUD and the FHA.

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