Mortgage Bankers Scrambling Over Conservative Court Ruling
Faced with the potential invalidation of CFPB’s funding structure, the top lobbyist for mortgage companies asks Congress to write the agency’s rules into law.
Source: prospect.org
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Mortgage industry grieves death of Regina Lowrie, the MBA's first female chair
Regina Lowrie, the first female chair of the Mortgage Bankers Association, passed away suddenly on January 1. She was 68.
Source: housingwire.com
Revising federal assistance rules could expand homeownership
A new push by the mortgage industry to lower income levels for government-assisted down payment programs could have dividends in cities like Detroit. The Mortgage Bankers Association, a trade group for the real estate finance industry based in Washington, D.C., wants to see the federal government …
Source: crainsdetroit.com
MBA urges FHFA to increase income limits of GSE low down payment programs
Association sends letter to housing regulator; encourages it to address affordability challenges
Source: mpamag.com
A Court Just Ruled That CFPB's Funding Is Unconstitutional, and That Could Be 'Catastrophic' for Mortgage Markets – NBC Los Angeles
A court last week tossed out a regulation by the CFPB in a complicated ruling that attorneys worry could upend U.S. mortgage markets.
Source: nbclosangeles.com