Resources
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MBA President and CEO Bob Broeksmit, CMB Statement on Implementing Basel III
The Mortgage Bankers Association (MBA) appreciates the opportunity to comment on the issues raised by the Financial Institutions and Monetary Policy Subcommittee’s September 14, 2023, legislative hearing entitled, “Implementing Basel III: What’s the Fed’s Endgame?” MBA strongly opposes key elements of the proposal, which, absent significant revisions, our industry fears will increase borrowing costs and reduce credit availability.
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MBA Joint Letter on Extending the NFIP
The undersigned organizations urge Congress to act quickly to extend the National Flood Insurance Program (NFIP) before its September 30th expiration. Extending the NFIP would ensure this vital program does not lapse in the middle of hurricane season or create additional challenges for residential and commercial property owners, buyers, managers, renters, and tenants.
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MBA Statement for the Record for Senate Banking Committee Hearing on Flood Insurance
Mortgage Bankers Association (MBA) provides perspective regarding challenges within the property insurance market and their impact on consumers prior to the committee’s hearing on the issue this week. Property insurance is the first line of financial defense for homeowners, commercial owner/operators, and lenders in the event a property is damaged. The availability and affordability of property insurance impacts these groups directly, but also has downstream impacts on the broader real estate market, including lending, construction, and the availability of affordable housing – for both renters and homeowners.
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MBA Comment Letter to Financial Accounting Standards Board on its Proposed Accounting Standards Update
MBA represents over 2,200 member companies, including bank and non-bank lenders, servicers, and sub-servicers in both the residential and commercial markets. MBA members originate and sell mortgage loans as part of their business and play a vitally important role in the mortgage secondary markets. MBA supports FASB’s goal of simplifying the accounting for purchased financial assets by eliminating one of the two methods for accounting for purchased financial assets, thereby reducing complexities and comparability issues that have been identified in the current rule. MBA recommends that FASB apply this simplified method of accounting to mortgage loans purchased by an entity, regardless of when the loans were originated.
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MBA Comment Letter to HUD on Notice of Proposed Information Collection
The Mortgage Bankers Association (MBA) and its members appreciate the opportunity to offer comments on the Office of Policy Development and Research’s Notice of Proposed Information Collection concerning the Informed Consumer Choice Disclosure and Application for FHA Insured Mortgages. MBA and its members value the Department of Housing and Urban Development’s (HUD) continued effort to work with the industry to identify opportunities to improve efficiency and lower cost for consumers.
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MBA Joint Comment Letter to VA on Public Comment Process for Foreclosure Prevention Solution for Veteran Borrowers
On behalf of the clients, communities, companies, and borrowers we serve, MBA urge the VA to post a draft policy document regarding Veterans Assistance Servicing Purchase (VASP) program by September 21, 2023. The current state of loss mitigation options requires urgent action, and while we appreciate the dialogue VA has had with stakeholders, it is time for the agency to start a public process for review and comment on VA’s new foreclosure prevention solution.
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Basel III Bank Capital Proposal – MBA Summary
This MBA summary outlines the Banking Agencies’ Proposed Changes to Bank Capital Requirements for banks with assets of $100 billion or more.
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MBA Joint Comment Letter on AVM Quality Control Standards
Greater industry adoption of AVMs holds the potential to modernize and improve the valuation process, and MBA and CBA look forward to working in partnership with the Agencies to craft a workable regulatory framework for improving quality and lowering the cost of this critical component of mortgage lending.
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MBA Joint Trade Letter on Section 1071 of the Dodd-Frank Act
The American Financial Services Association (AFSA), Consumer Bankers Association (CBA), CRE Finance Council (CREFC), Equipment Leasing and Finance Association (ELFA), Mortgage Bankers Association (MBA), National Association of Federally-Insured Credit Unions (NAFCU),6 Truck Renting and Leasing Association (TRALA),7 and the U.S. Chamber of Commerce (Chamber)8 (together, the “Trades”) write to urge action by the CFPB to address the current disparity that exists for financial institutions working to implement the CFPB’s Small Business Lending Data Collection Rule (the “1071 Rule”).
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MBA Letter to FHFA on the GSE Pricing
The Mortgage Bankers Association (MBA) thanks the Federal Housing Finance Agency (FHFA) for the opportunity to provide feedback in response to the Request for Information (RFI) on the Fannie Mae and Freddie Mac (the Enterprises) Single-Family Pricing Framework.2 The Enterprises’ pricing structure is a critical component of the mortgage finance system, and MBA welcomed FHFA’s decision to undertake a comprehensive review of the existing framework.
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MBA Response to HUD RFI on Enhanced Access to HUD Programs
The Mortgage Bankers Association and our members appreciate the opportunity to offer comments to the Department of Housing and Urban Development (HUD) Request for Information (RFI) to enhance the accessibility and usability of HUD programs. MBA strongly supports HUD’s recent efforts to streamline and improve its programs and boost housing supply. At a time when homeownership is growing increasingly out of reach for individuals and families, it is crucial to expand housing options to those that need it.
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MBA Coalition Letter to FCC on Advanced Methods to Eliminate Unlawful Robocalls
The Associations strongly support the Commission’s efforts to eliminate illegal automated calls. Banks, credit unions, and other financial services providers – and their customers – are negatively impacted by bad actors that increasingly place calls that impersonate legitimate companies with intent to defraud.
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MBA Joint Trade Letter to FHFA on Rent Control
The undersigned national real estate associations represent a broad coalition of housing providers and lenders that are committed to working together with the Federal Housing Finance Agency (FHFA) and the Enterprises to address America’s housing affordability crisis.
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MBA Comment letter to HUD and USDA on Energy Efficiency Standards
The Mortgage Bankers Association (MBA) thanks the Department of Housing and Urban Development (HUD) and the Department of Agriculture (USDA, and together with HUD, the Agencies) for the opportunity to comment on the Notice of Preliminary Determination for the Adoption of Energy Efficiency Standards for New Construction of HUD- and USDA-Financed Housing (the Proposal).
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MBA Joint Trades Letter to FCC on Revocation of Consent Under TCPA
The American Bankers Association, American Financial Services Association, Mortgage Bankers Association, National Association of Federally-Insured Credit Unions, National Council of Higher Education Resources, and Student Loan Servicing Alliance (the Associations) appreciate the opportunity to comment on the Notice of Proposed Rulemaking (Notice) in the above-captioned proceeding.
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Associate Membership Application
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Residential Membership Application
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Nonprofit Membership Application
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Commercial/Multifamily Membership Application
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MBA Letter to FHFA on Tenant Protections RFI
The Mortgage Bankers Association (MBA) appreciates the opportunity to provide comments and recommendations on the impact of requiring additional enhancements for tenants at Enterprise-backed multifamily properties. The MBA thanks FHFA for its commitment to working with the industry on this issue and remaining open to receiving feedback from a variety of stakeholders.