Resources
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MBA Letter to the House Committee on Veterans’ Affairs Subcommittee on Economic Opportunity
MBA write to provide our feedback on the VA Home Loan Program Reform Act, including amendments in the nature of a substitute (ANS) to H.R. 1815 offered by both the majority and the minority. As the Department of Veterans Affairs (VA) prepares to move quickly to phase out the Veterans Affairs Servicing Purchase (VASP) program, the need for a permanent partial claim option has become increasingly urgent.
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MBA Joint Comment Letter on New York’s Community Reinvestment Act
The national Mortgage Bankers Association (MBA), the Mortgage Bankers Association of NY (MBA of NY), the New York Mortgage Bankers Association (NYMBA),3 and the Empire State Mortgage Bankers Association (ESMBA), appreciate the opportunity to comment on the proposed regulation published in the February 5, 2025 New York State Register (Register) to implement New York’s Community Reinvestment Act (NYCRA) for independent mortgage banks (IMBs). They have reviewed the proposal and note the text of the regulatory language is largely unchanged from the version released during the mid-December 2024 pre-proposal comment period.
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MBA Comment Letter Supporting H.R. 976 (1071 Repeal Act)
Mortgage Bankers Association writes to share our association’s views regarding one of the bills scheduled to be considered during today’s Financial Services Committee markup that directly impacts an important segment of the real estate finance industry.
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MBA Comment Letter to CFPB on Regulation V
MBA welcomes the opportunity to comment on the Consumer Financial Protection Bureau’s (the Bureau) notice of proposed rulemaking to amend Regulation V. While purportedly an attempt to regulate data brokers, the proposed rule could impact how mortgage companies are run and how products are advertised. We believe the Bureau should roll back this proposed rule in its entirety and reexamine whether the agency has sufficient statutory authority under the Fair Credit Reporting Act (FCRA) to promulgate such a far-reaching proposal.
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MBA Joint Trade Letter Supporting the SECURE Notarization Act
The undersigned organizations, write to express strong support for H.R.1777, the Securing and Enabling Commerce Using Remote and Electronic (SECURE) Notarization Act. The SECURE Notarization Act passed the House with unanimous consent in the 118th Congress and we look forward to strong, bipartisan support for the bill in the House and Senate again this Congress.
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MBA Senate Letter on Luke Pettit to be Assistant Secretary of the Treasury for Financial Institutions
MBA writes to express the real estate finance industry’s strong support for President Trump’s nomination of Luke Pettit to be Assistant Secretary of the Treasury for Financial Institutions. MBA appreciates how quickly the Senate Banking Committee has scheduled this week’s hearing to examine Mr. Pettit’s credentials, along with a slate of other important nominees for key economic policy positions within the Trump Administration.
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MBA Joint Letter on Preserving Carried Interest
The undersigned organizations, representing all sectors of commercial real estate, urge you to preserve investment in real estate by maintaining longstanding tax law as it relates to carried interest and capital gains. Carried interest is a crucial tool driving American real estate investment, spurring housing development, and promoting the growth of our built environment. Retaining capital gains tax treatment for carried interest helps ensure our nation can meet the goals of housing, modernizing our building stock, and contributing to economic growth.
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MBA Joint Letter on FHA Loss Mitigation
MBA recommend that FHA consider additional measures that impose a strict limit on the availability of permanent home retention assistance and establish sustainable borrower performance.
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MBA Joint Trades Letter on FHFA Credit Score Models and Reports Initiative
On behalf of the American Bankers Association, Housing Policy Council, Independent Community Bankers of America, Mortgage Bankers Association, Structured Finance Association, and U.S. Mortgage Insurers, we are writing to provide recommendations on the Federal Housing Finance Agency’s (FHFA) Credit Score Models and Reports Initiative. Our organizations represent a wide range of counterparties to Fannie Mae and Freddie Mac (the Enterprises), including lenders, servicers, investors, and mortgage insurers. As such, our organizations have a direct interest in the impact of the business decisions of the Enterprises, including the manner in which their credit score policies contribute to a competitive and sound housing finance system.
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MBA Comment Letter on FHFA Housing Priorities
MBA is excited to work with FHFA Director William Pulte and team as their leadership will be vital to ensuring the future stability and liquidity of the housing market. MBA looks forward to collaborating on initiatives that strengthen Fannie Mae and Freddie Mac (the Enterprises) and the Federal Home Loan Banks (FHLBs) and allow them to better serve their missions while protecting taxpayers from undue risk.
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MBA Written Statement from Elizabeth Balce, EVP of Servicing, Carrington Mortgage Services, on HVAC Hearing
Elizabeth Balce's , Executive Vice President of Servicing at Carrington Mortgage Services, written testimony on Behalf of the Mortgage Bankers Association and a member of its Veterans’ Affairs (VA) Home Loan Working Group.
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MBA Comment Letter on Loss Mitigation Assistance Policy for Veteran Homeowners
The Mortgage Bankers Association (MBA) is eager to work with Secretary Collins and team to strengthen the VA Home Loan Program, a cornerstone benefit that our nation's Veterans earn through their sacrifice and service. Secretary Collins leadership comes at a pivotal moment for this essential program, as rising interest rates have increasingly strained affordability for both new and existing homeowners, including Veterans who are struggling to meet their monthly mortgage payments.
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MBA Comment Letter on Proposed Changes to the NMLS Mortgage Call Reports
The Mortgage Bankers Association appreciates the opportunity to comment on proposed changes to the Nationwide Multistate Licensing System (NMLS) Mortgage Call Report Form Version 7 (MCRV7). Thank you also for the preview of these changes made during the August 2024 NMLS Ombudsman meeting by Jeff Peterson from the Nebraska Department of Banking and Finance and Jessan Groenendyk from CSBS.
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Joint MBA Comment Letter on Partial Claim Document Recording and Payoff Statements
The Housing Policy Council (HPC), Mortgage Bankers Association (MBA), and National Council of State Housing Agencies appreciate the opportunity to submit comments on the Draft Mortgagee Letter (ML), “Partial Claim Document Recording and Payoff Statements.”
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Coalition Letter on H.R. 1399, an Amendment to the Federal Election Campaign Act (FECA)
The undersigned organizations are writing to respectfully request co-sponsorship of H.R. 1399, an amendment to the Federal Election Campaign Act (FECA) that strikes the requirement that trade association political action committees (PACs) must obtain prior approval from corporate member companies before discussing support of the PAC.
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MBA Joint Letter on TJCA Extension
The undersigned organizations support extending pro-growth tax policies that have raised workers’ wages, helped families weather inflation, and led to more well paying jobs. The individual, business, and estate tax provisions of the 2017 Tax Cuts and Jobs Act (“TCJA”) have been instrumental in helping achieve these goals and should be made permanent.
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MBA Joint Letter to Senate Banking Committee on CFPB Nominee Jonathan McKernan
The undersigned organizations offer our enthusiastic support for Jonathan McKernan to serve as the next Director of Consumer Financial Protection Bureau (CFPB). We urge the Committee on Banking, Housing, and Urban Affairs to approve his nomination and send it to the Senate floor as quickly as possible.
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MBA Letter to Senate Banking Committee on CFPB Director Nominee Jonathan McKernan
Mortgage Bankers Association (MBA), writes to express the real estate finance industry’s strong support for President Trump’s nomination of Jonathan McKernan to be the next Director of the Consumer Financial Protection Bureau (“the Bureau”).
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MBA Joint Letter to Senate Banking Committee on FHFA Nominee Bill Pulte
The undersigned organizations offer their enthusiastic support for Bill Pulte to serve as the next Director of the Federal Housing Finance Agency (FHFA). They urge the Committee on Banking, Housing, and Urban Affairs to approve his nomination and send it to the Senate floor as quickly as possible.
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MBA Joint Letter on Maryland Trust Licensing Issue
The Maryland Mortgage Bankers and Brokers Association (MMBBA), the Mortgage Bankers Association of Metropolitan Washington DC, and the national Mortgage Bankers Association (MBA) wish to express our thanks with respect to your introduction of companion bills SB1026 and HB1516, the Maryland Secondary Market Stability Act of 2025. The organizations fully support your legislation, which is also supported by the Maryland Office of Financial Regulation (OFR), because it is essential to restoring normal access to affordable home mortgage credit in the state.