Skip to main content

MBA's Mortgage Action Alliance: A Message From MAA Chairman Gene M. Lugat

Gene Lugat
Aug 15, 2017
The first dismantling of parts of the Dodd-Frank Act came into effect yesterday evening as the House of Representatives passed S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act

With the August recess looming, members of Congress are preparing to head home to their states and districts. It’s a perfect time for members of the Mortgage Action Alliance (MAA) to engage with your elected representatives. The MAA is a non-partisan and free nationwide grassroots lobbying network of real estate finance industry professionals, affiliated with the Mortgage Bankers Association (MBA) that allows our industry to speak with elected officials with one voice. If you aren’t an MAA member, you can join for free at MBA.org/JoinMAA.
 
This summer, the Mortgage Bankers Association (MBA) capped off another successful National Advocacy Conference (NAC), with more than 365 attendees from 43 states. NAC is an annual opportunity for mortgage professionals from across the country to engage their elected officials face to face, and this year, industry advocates were able to attend 225 meetings on Capitol Hill. Couldn’t make it to Washington? At NAC, MBA announced the launch of the MAA App.
 
The MAA App is designed to make standing up for the real estate finance industry easier than ever. On the App, you can:
 
►Receive updates on bills affecting the real estate finance industry
►Let your elected officials know how those bills will impact you directly
►Research bills that MBA is watching
►Find contact information for your members of Congress
►Join MAA
►Learn about MORPAC, MBA's political action committee
 
To download the app, visit MBA.org/MAAApp or search for "Mortgage Action Alliance" in the App Store or Google Play.
 
With members of Congress returning to their states and districts, August is a perfect time to reach out to your elected officials. Visit Action.MBA.org to look up your elected officials and view a list of current calls to action. Current Calls to Action include a Call to Action in support of HR 2948, the SAFE Transitional Licensing Act, which would provide a temporary license for loan originators transitioning between federally-insured depositories and non-depositories, as well as across state lines.
 
Whether you come to Washington for the NAC, talk to your members of Congress in your home district, or take action using the App, your voice matters. MAA is working hard to make it easy to take action—and your elected officials need to hear from you.

Gene M. Lugat is chairman of the Mortgage Bankers Association’s Mortgage Action Alliance. Gene is executive vice president, national industry and political relations for PrimeLending Inc.

This article originally appeared in the August 2017 print edition of National Mortgage Professional Magazine. 

Published
Aug 15, 2017
The Fed: Tapering Could Start In November

Open Market Committee also expects to raise federal funds rate a year earlier, in 2022

Regulation and Compliance
Sep 23, 2021
HUD, FHFA: Freddie Mac Can Buy Group Home-Backed Loans

Agencies issue rule clarification after a mortgage lender refused to lend to an individual renting to a group home

Regulation and Compliance
Sep 23, 2021
Fannie Mae Plans To Restart Credit Risk Transfers In 2021

Paused Since March 2020, New CRT Transactions To Begin In October

Regulation and Compliance
Sep 21, 2021
Biden Nominates McCargo To Lead Ginnie Mae

Currently Serves As Senior Advisor For Housing Finance At HUD

Regulation and Compliance
Sep 14, 2021
OCC Plans To Rescind 2020 CRA Rule

The OCC formally issued a proposal to rescind a controversial rule within the Community Reinvestment Act (CRA) that was published in June 2020.

Regulation and Compliance
Sep 10, 2021
CSBS Changes Servicer Liquidity Policy

CSBS And MBA Encourage States To Adopt Consistently

Regulation and Compliance
Sep 08, 2021