Advocacy Update Archive

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  • MBA Advocacy Update

    Last week was busy Washington. The House passed its tax reform legislation and the Senate Finance Committee advanced its version. The House Financial Services Committee marked up nearly two dozen bills and the House passed long-term reauthorization of the National Flood Insurance Program.

  • MBA Advocacy Update

    Tax reform remained front and center last week, with the House Ways and Means Committee marking up its tax reform proposal, H.R. 1 the Tax Cuts and Jobs Act. The Senate Finance Committee introduced elements of its version of tax reform on Thursday. MBA will prepare an analysis of the proposal and se

  • MBA Advocacy Update

    Last week marked yet another incredibly busy week in Washington. On Thursday, MBA President and CEO David Stevens, CMB, testified on housing finance reform before the House Financial Services Subcommittee on Housing and Insurance.

  • MBA Advocacy Update

    The MBA 2017 Annual Convention and Expo took place last week with 4,600 people in attendance and sessions featuring speakers such as HUD Secretary Ben Carson and Federal Housing Finance Agency Director Mel Watt.

  • MBA Advocacy Update

    The House was out last week, but the Senate was hard at work considering, and eventually passing, a FY2018 budget resolution that will serve as the first step toward comprehensive tax reform legislation.

  • MBA Advocacy Update

    Although the Senate was in recess last week, the House remained in session; the House Financial Services Committee marked up 23 bills on Wednesday and heard testimony from HUD Secretary Ben Carson on Thursday. MBA sent a letter on several of the bills in the markup that pertained to mortgage lending

  • MBA Advocacy Update

    Federal Housing Finance Agency Director Mel Watt testified before the House Financial Services Committee and faced several hours of questioning on an array of topics, ranging from the GSEs' capital levels, to alternative credit scores, to the need for Congress to act on housing finance reform.

  • MBA Advocacy Update

    The Administration and Republican congressional leadership released a preliminary framework for tax reform on Sept. 27, which would have broad and specific economic impacts on the mortgage and housing sectors. MBA will continue to engage with the administration and key congressional committees as mo

  • MBA Advocacy Update

    MBA wrapped up another Regulatory Compliance Conference last week, with several attendees traveling to Capitol Hill for meetings with Senate staff to discuss Consumer Financial Protection Bureau-related issues.

  • MBA Advocacy Update

    MBA last week released a white paper, CFPB 2.0: Advancing Consumer Protection, which examines the approach of the Consumer Financial Protection Bureau during its first five years of undertaking enforcement actions in key areas.  

  • MBA Advocacy Update

    Congress returned from its month-long August recess last week and initially faced a daunting September to-do list. However, they were able to cross several items off of that list after President Trump cut a deal with Democratic leadership on a three-month agreement to keep the government funded thro

  • MBA Advocacy Update

    This week, Congress returns from August recess and faces an incredibly busy September. In addition to passing legislation to fund the government beyond September 30, it will need to address the debt limit, reauthorize the National Flood Insurance Program and provide disaster recovery funds in the af

  • MBA Advocacy Update

    Regulators proposed a delay to Basel III implementation last week, due in large part to MBA advocacy. Additionally MBA joined a broad coalition in sending a letter to the Federal Housing Finance Agency, urging it to expand credit scoring models.

  • MBA Advocacy Update

    Members of Congress remain back home meeting with constituents during the annual August recess. In preparation for their return after Labor Day, MBA issued a MAA Call to Action urging Congress to reauthorize the National Flood Insurance Program before it expires at the end of September.

  • MBA Advocacy Update

    With both the House and Senate officially on August recess, members of Congress are in their home states until early September. Just prior to departing for its August recess, the SAFE Transitional License Act was introduced in the Senate. MBA has also developed an "Advocacy in August" toolkit to hel

  • MBA Advocacy Update

    Even as legislators return to their states and districts, numerous comment letters from MBA to the Executive Branch are highlighted below within this week's update on a variety of regulations and policies important to the entire industry.

  • MBA Advocacy Update

    The Senate Appropriations Committee unanimously approved a T-HUD funding bill with several provisions addressing needs at both HUD and FHA.

  • MBA Advocacy Update

    The Senate Banking Committee last week held a hearing on GSE reform and small lender access to the secondary mortgage market. The committee's leadership also unveiled a draft bipartisan bill to reauthorize the National Flood Insurance Program for six years.

  • MBA Advocacy Update

    On July 10, the House Appropriations subcommittee on Transportation, Housing and Urban Development approved by voice vote its Fiscal Year 2018 vehicle to fund those agencies.

  • MBA Advocacy Update

    The House and Senate were in recess last week for the Independence Day holiday. Both chambers will be back in session today.

  • MBA Advocacy Update

    Last week, MBA President & CEO David Stevens, CMB, testified before the Senate Banking Committee on the need for comprehensive GSE reform.

  • MBA Advocacy Update

    MBA held its National Advocacy Conference last week with 365 members coming to Washington D.C. and meeting with their elected officials. Additionally, H.R. 2948, the SAFE Transitional Licensing Act, was introduced in the House.

  • MBA Advocacy Update

    The Senate Banking Committee approved the nomination of Pam Patenaude to be the Deputy Secretary of Housing and Urban Development. MBA President and CEO David Stevens issued a supportive statement emphasizing their many years of working together and that her knowledge of real-estate finance and deep

  • MBA Advocacy Update

    This past Tuesday the Senate Banking Committee held a hearing on the nomination of Pamela Hughes Patenaude to serve as Deputy Secretary for HUD. The Committee is scheduled to vote on her nomination--and to report it to the full Senate for consideration--on June 13.

  • MBA Advocacy Update

    Congress was in recess last week for the Memorial Day break. When they return this week, the Senate Banking Committee will hold a hearing on the nomination of Pamela Hughes Patenaude to serve as Deputy Secretary at HUD and the House Financial Services Committee will hold another hearing on flood ins

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