Skip to main content

MBA Forms Task Force to Examine GSEs
Dec 18, 2012

Debra W. Still, CMB, Chairman of the Mortgage Bankers Association (MBA) has announced that the Association has assembled a task force of MBA members to revisit MBA’s groundbreaking 2009 proposal for the future of the secondary mortgage market and the Government-Sponsored Enterprises (Fannie Mae and Freddie Mac). MBA’s GSE Single Family Task Force will be led by Tim Dale, Executive Vice President - Mortgage Lending at BB&T and a former chairman of MBA’s Residential Board of Governors (RESBOG). “In 2009, MBA was first out of the box and the original thought-leader with its proposal for the future of the GSEs and the secondary mortgage market,” said Still. “The concepts contained in the MBA proposal became central to the most serious discussions over the future role of the government in housing finance. However, four years later, Fannie Mae and Freddie Mac are still in conservatorship, with no end in sight.” MBA’s GSE Single Family Task Force will work in two phases. In the first phase, the task force will revisit MBA’s end-state policy position from 2009. Also during phase one, task force members will identify issues that will need to be considered during transition. The second phase will include the creation of a roadmap document that will detail how each of the prioritized transition issues should be addressed in getting to the end state. At each step, the task force will engage with critical stakeholder groups to solicit input and create buy-in. “The oversized government role in the residential market, and the uncertainty surrounding Fannie Mae and Freddie Mac, have created an unhealthy and unsustainable mortgage market,” said Dale. “Most stakeholders agree that we need to re-engage private capital in the market, but that won’t happen until the fundamental questions around the GSEs and the government role is resolved. Our diverse task force of industry leaders will tackle these issues, with a key focus on transition.”  Members of MBA’s GSE Single Family Task Force include: ►Timothy C. Dale, CMB (Chairman), BB&T ►Richard A. Aneshansel, U.S. Bank Home Mortgage ►Jon K. Baymiller, NYCB Mortgage Company ►Byron L. Boston, Dynex Capital ►Donald G. Calcaterra, CMB, Towne Mortgage Company ►Garry Cipponeri, Chase ►Jordan D. Dorchuck, CMB, Homeward Residential ►William E. Emerson, Quicken Loans ►Robert G. Gaither, PNC Bank ►Adolfo F. Marzol, Essent Guaranty ►Tom Millon, CMB, Capital Markets Cooperative ►David Motley, CMB, Colonial National Mortgage ►Bob Ryan, Wells Fargo Home Mortgage ►Jerry Schiano, New Penn Financial ►Patrick Sinks, Mortgage Guaranty Insurance Corporation (MGIC) ►David A. Spector, PennyMac Loan Services ►Keith Tibbles, Cobalt Mortgage MBA’s GSE Single Family Task Force will coordinate closely with MBA’s GSE Multifamily Task Force, which released its white paper earlier this month.
Dec 18, 2012
Mortgage Forbearance Changes Create Challenges for Servicers

65% Of All Plans Would Expire By The End of 2021

Regulation and Compliance
Aug 02, 2021
CFPB Reports Trends In Financial Assistance

The latest developments from this study reveal that most consumers have exited the payment assistance they received at the start of the pandemic.

Analysis and Data
Jul 14, 2021
CFPB Orders GreenSky To Refund $9M In Unauthorized Loans

The consent order requires GreenSky to refund or cancel up to $9 million in loans for the customers harmed by this illegal conduct.

Regulation and Compliance
Jul 13, 2021
CFPB Warns Landlords And Consumer Reporting Agencies To Report Accurate Rental Information

Inaccurate rental or eviction information can unfairly block families and individuals from safe, affordable housing.

Regulation and Compliance
Jul 01, 2021
FHFA Mandates Quarterly Fair Lending Reports

FHFA issued orders for all enterprises to submit quarterly Fair Lending Reports with data and information to improve the FHFA’s capabilities. 

Regulation and Compliance
Jul 01, 2021
FHFA Follows CFPB To Protect Borrowers Once COVID-19 Foreclosure And Eviction Moratoriums End

The Federal Housing Finance Agency made it clear that Fannie Mae and Freddie Mac servicers are not permitted to make first notice or filing for foreclosure that would be prohibited by the CFPB protections for borrowers affected by COVID-19.

Regulation and Compliance
Jun 30, 2021