Skip to main content

MBA sends joint letter to House seeking bipartisan amendment to HR 4173

NationalMortgageProfessional.com
Dec 08, 2009

On Dec. 8, the Mortgage Bankers Association (MBA) and several other trade associations sent a letter to the U.S. House of Representatives Committee on Rules requesting the committee make in order a bipartisan amendment to HR 4173, the Wall Street Reform and Consumer Protection Act of 2009 to require regulators to establish a category of mortgage loans that would be exempt from the bill's risk retention requirements. The exemption for qualified mortgage loans is consistent with the approach the House endorsed in May when it passed HR 1728, the Mortgage Reform and Anti-Predatory Lending Act. Click here for a detailed summary of HR 4173.  Click here to view a copy of the letter sent by MBA. For more information, visit www.mortgagebankers.org.  
Published
Dec 08, 2009
CFPB Names 4 To Key Senior Positions

The appointees include two who helped create the bureau and two who served on the CFPB staff during the Obama administration.

Regulation and Compliance
Oct 14, 2021
FHFA Raises Enterprises' Multifamily Loan Purchase Caps

The Federal Housing Finance Agency (FHFA) said the 2022 multifamily loan purchase caps will be $78 billion for each Enterprise, for a combined total of $156 billion to support the multifamily market.

Regulation and Compliance
Oct 13, 2021
CFPB Hits AAG With Complaint For Deceptive Marketing Of Reverse Mortgages

The Consumer Financial Protection Bureau filed a complaint and proposed consent order, which alleges that American Advisors Group (AAG) used inflated and deceptive home estimates to attract reverse mortgage consumers.

Regulation and Compliance
Oct 12, 2021
Waterstone Mortgage Names VP Of Compliance

Waterstone Mortgage Corporation named Kris Barros as the company's vice president of compliance.

Community
Oct 08, 2021
Battling The ‘Giant Purple Snorklewacker’

The confirmation of Rohit Chopra as CFPB director has the mortgage industry anxious, but former MBA CEO David Stevens offers some advice: follow the rules.

Regulation and Compliance
Oct 08, 2021
The Compliance Contradiction

Staunch compliance stances often lead to contradictory actions.

Regulation and Compliance
Oct 06, 2021