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MBA Supports Watt for FHFA Head
Oct 30, 2013

E.J. Burke, chairman of the Mortgage Bankers Association (MBA) issued the following statement on the nomination of U.S. Representative Mel Watt to be director of the Federal Housing Finance Agency (FHFA). “More than five years after being put into conservatorship, Fannie Mae and Freddie Mac remain in limbo. The President has nominated Congressman Watt to be the Director of the Federal Housing Finance Agency, a critical leadership position that needs to be filled on a permanent basis in order to advance the debate over the future of the government’s role in the mortgage market. “Congressman Watt would bring considerable experience to the post of Director. His two decades of work on the House Financial Services Committee gives him a strong base of understanding on a wide variety of public policy issues related to housing finance. This familiarity and understanding would serve him well in this new position.   “MBA has had a longstanding relationship with Congressman Watt, and has had the chance to engage him directly on a number of occasions since his nomination was announced. MBA would be ready and willing to work with him in his new capacity to provide technical support and expertise as he oversees the restructuring of the secondary mortgage market. Based on these factors, we would urge the Senate to approve his nomination.”
Oct 30, 2013
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.

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