Loan Servicing Standards
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Housing programs play a vital role in helping low- to moderate-income, minority borrowers, and eligible veterans and servicemembers realize the dream of homeownership. MBA works with the agencies to improve servicing efficiency and reduce
servicing costs. Clear and consistent guidance leads to more equal outcomes for borrowers, reductions in cost for servicers, and encourages greater participation in programs designed to aid vulnerable populations.
Read: Partial Claim Processing Delays: Risks and Solutions
The significant volume of partial claims completed throughout the COVID-19 pandemic have led servicers of FHA-insured mortgages to repeatedly receive notices from FHA’s Mortgagee Compliance Manager (MCM) demanding return of insurance funds for missing partial claim documents. Learn about:
- The impact of delays on servicers
- Recommended changes to regulation
- Immediate actions to ameliorate delays
Read: VA Partial Claims: Establishing a Permanent Program to Assist Veteran Borrowers
Veteran borrowers facing financial hardship should have access to additional tools to resolve delinquency and avoid foreclosure. The partial claim option available to FHA and USDA borrowers is not a tool in the Department of Veteran’s Affairs (VA) suite of loss mitigation options. Learn about:
- Actions by Congress
- Benefits of a Partial Claim Program
- Impact to the VBA
Recent MBA Activity Related to Government Servicing Issues
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MBA, HPC Letter to VA on VASP Implementation Extension Request
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MBA Comment Letter to CFPB on Mortgage Closing Costs RFI
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MBA Joint Trades Letter on the CFPB’s RFI on Mortgage Closing Costs
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MBA Joint Letter to Ginnie Mae on Proposed HMBS 2.0 Term Sheet
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MBA Joint Letter on H.R. 8127, The Heirs Estate Inheritance Resolution and Succession (HEIRS) Act of 2024.
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MBA Comment Letter on Proposed 2025 NMLS Fee Changes
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MBA Letter to VA Requesting a Delay on Loan Review API
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MBA Joint Letter to CFPB Requesting Reg X Extension
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MBA Letter to FHA and HUD Requesting ROV extension
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MBA Letter to FHFA on FHLB RFI
Related MBA Events
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Commercial Real Estate Basics: Introduction to Commercial/Multifamily Real Estate: March 2025: On Demand
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School of Mortgage Servicing: March 2025
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Introduction to Mortgage Banking: March 2025: On Demand
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School of Mortgage Banking III: March 2025: Kansas City, MO
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School of Multifamily Mortgage Banking: April 2025: Washington D.C.
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State and Local Workshop
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National Advocacy Conference
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School of Multifamily Property Inspections: April 2025: Online
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School of Mortgage Banking I: April 2025: Charlotte, NC
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School of Mortgage Banking II: April 2025: Charlotte, NC
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