Advocacy Update Archive

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  • MBA Advocacy Update

    The House and Senate were in recess and return this week. And, although the Federal Reserve held interest rates steady at its May meeting this past Wednesday, the Fed's Federal Open Market Committee did acknowledge inflationary pressure, which signals future interest rate hikes are coming.

  • MBA Advocacy Update

    MBA members from across the country came to Washington last week for the 2018 National Advocacy Conference to meet with elected officials and policymakers on behalf of the real estate finance industry.

  • MBA Advocacy Update

    Last week, House Financial Services Committee members Reps. Sean Duffy, R-Wis.--who chairs the panel's Subcommittee on Housing and Insurance--and Ed Perlmutter, D-Colo., introduced the GUIDE Compliance Act (H.R. 5534) to address the need for clear, authoritative guidance from the Consumer Financial

  • MBA Advocacy Update

    House Speaker Paul Ryan, R-Wis., announced on Wednesday that he will retire at the end of this term, thereby setting up a GOP leadership race ahead of a set of already challenging midterm elections. House Financial Services Committee member and deputy whip Rep. Dennis Ross, R-Fla., also announced hi

  • MBA Advocacy Update

    The House and Senate return to Washington today, Monday, April 9. Last week the Consumer Financial Protection Bureau released its semi-annual report, the first by Acting Director Mick Mulvaney.

  • MBA Advocacy Update

    Last week, the Federal Housing Finance Agency confirmed Fannie Mae and Freddie Mac will begin issuing uniform mortgage-backed securities in 2019. And MBA sent a letter to Treasury Secretary Steven Mnuchin detailing the association's principles for financial technology (FinTech) regulation.

  • MBA Advocacy Update

    Congress last week approved a $1.3 trillion spending bill before going into recess for the next two weeks, with President Trump grudgingly signing the bill into law Friday after a tweeted veto threat.

  • MBA Advocacy Update

    On Wednesday, the Senate passed S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act, by a bipartisan 67-31 margin. The bill includes a number of MBA-supported mortgage provisions. MBA is now encouraging the House to consider this legislation expeditiously.

  • MBA Advocacy Update

    Last week, the Senate voted 67-32 to consider S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act. the bipartisan financial services regulatory relief package, with debate on a substitute amendment to the bill spilling over into this week.

  • MBA Advocacy Update

    On Feb. 28, Federal Reserve Chairman Jerome Powell testified before the House Financial Services Committee in his first Humphrey-Hawkins hearing to provide a semiannual monetary policy report to the Congress. Powell provided similar testimony to the Senate Banking Committee Mar. 1.

  • MBA Advocacy Update

    The GSE reform debate is at a critical juncture, with parallel proposals being vetted for possible introduction and consideration by leaders in both the House and Senate after they return to Washington this week.

  • MBA Advocacy Update

    Last week, 130 MBA member lenders sent an open letter to Congress calling for comprehensive GSE reform. The Trump administration released its FY 2019 budget--which is merely a framework and has no force of law--for consideration by House and Senate appropriators.

  • MBA Advocacy Update

    Last week, the House once again passed bipartisan, MBA-supported legislation (H.R. 1153) that would favorably adjust the Truth in Lending Act's definition of "points and fees" under the Ability to Repay/Qualified Mortgage rule.

  • MBA Advocacy Update

    President Trump gave his first State of the Union address last week, outlining his administration's priorities for the year ahead.

  • MBA Advocacy Update

    Congress resolved the short-lived government shutdown last Monday and passed another continuing resolution that will fund the government through February 8, although the debates surrounding immigration and spending caps remain unresolved.

  • MBA Advocacy Update

    MBA has put together a "cheat sheet" outlining the potential impact of the current government shutdown on our industry.

  • MBA Advocacy Update

    Both the House and Senate returned to session last week, with the Senate continuing to work through nominations. Debate continues among House and Senate leaders and the administration on how to resolve government funding once the current continuing resolution expires on January 19.

  • MBA Advocacy Update

    The Senate returned on Wednesday and swore in two new senators: Doug Jones, D-Ala., replacing Republican Luther Strange; and Tina Smith, D-Minn., the state's lieutenant governor, to replace fellow Democrat Al Franken, who officially resigned last week.

  • MBA Year-End Advocacy Update

    The strength and influence of MBA is a direct result of your engagement. It is because of you that we are capable of consistently delivering victories on policy changes that promote healthy and efficient mortgage markets that benefit consumers and your companies. Below you will find some of the most

  • MBA Advocacy Update

    Tax reform continues to dominate the discussion in Washington, with the House and Senate slated to vote on a final package this week. Congress will also need to pass a continuing resolution to keep the government open beyond December 22 before leaving for the holidays.

  • MBA Advocacy Update

    The Senate adopted the GOP tax reform plan last week by a 51-49 vote.

  • MBA Advocacy Update

    The Senate adopted the GOP tax reform plan early Saturday morning by a 51-49 vote. The bill contains a broad mix of provisions impacting the real estate finance industry.

  • 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.

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