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NAC In-Person Credit Union Meet & Greet Event
Tuesday, April 8 | 5:45 PM (ET)
This is a fantastic opportunity to network, discuss the day's highlights, and meet other credit union colleagues! Contact Anthony to attend.
Credit Union Network Meeting
Tuesday, May 13 | 2:00 PM-3:00 PM (ET)
All Network members will receive the upcoming invitation from Anthony at asiller@mba.org.
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April Opportunities for MBA's Credit Union Network
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A new Congress means a new opportunity to build relationships with policymakers. The industry’s involvement and advocacy are more important than ever. Here are a few ways you can get involved:
- Opening General Session: A Look at the Political Landscape: Get the latest updates on the political environment in Washington, D.C. and understand how it impacts our industry. If you can't join us in person, take a virtual front row seat for the Opening General Session by registering for our LinkedIn Live event.
- Discussion with HUD Secretary Scott Turner: Hear from the newly confirmed Secretary of HUD, Scott Turner, as he discusses housing affordability and supply priorities.
- Economic Outlook and Market Landscape: Discover the latest trends and forecasts for the economy and the residential and commercial/multifamily markets.
- Residential and Commercial/Multifamily Legislative Issues Briefing: Prepare to make an impact on key housing legislation. MBA’s Federal Lobby Team and dual member moderators will provide detailed information on the most pressing issues in Congress.
- Remarks from Key Legislators: Gain insights from influential lawmakers including Senator Elizabeth Warren, Senator Mark Warner, Representative Lisa McClain, and Representative Richie Torres.
- A Night at the Renwick Gallery of the Smithsonian American Art Museum: On April 8 at 7:00 PM, NAC attendees are invited to spend the evening at this national historic landmark and be joined by elected officials and key congressional staffers.
MBA is working for you! Below are advocacy updates that have impacted credit unions:
- FHFA Director Bill Pulte released an order that
rescinds Advisory Bulletin 2024-06: “Regulated Entity Unfair or Deceptive Acts of Practices Compliance,” which required Fannie Mae and Freddie Mac (the GSEs) to certify compliance with Unfair or Deceptive Acts or Practices (UDAP) laws, including by conducting consumer compliance reviews of their seller-servicers. MBA had consistently advocated for this rescission since the Bulletin was posted in November 2024, meeting with FHFA staff during the previous Administration as well as communicating its concerns to Director Pulte. Read
MBA President and CEO Bob Broeksmit’s statement supporting the decision.
- FHFA Director Bill Pulte announced changes to policy related to Special Purpose Credit Programs (SPCPs) and the Equitable Housing Finance Plans (EHFP). Via a post on his X account,
Director Pulte issued a directive terminating the GSEs’ support of SPCPs, stating that the current level of support for these programs is inappropriate for regulated entities in conservatorship. In a another X post, Director Pulte issued a waiver that removes the GSEs’ obligations to comply with portions of the Fair Lending, Fair Housing, and Equitable Housing Finance Plans (EHFP) final rule. MBA continues to support legally compliant SPCPs as useful tools to address persistent homeownership barriers. MBA also obtained clarification that lender-supported SPCPs (those without GSE financial support or variances) that meet standard underwriting criteria are still eligible for sale to the GSEs. Similarly, MBA believes properly executed initiatives in the EHFPs can provide useful public roadmaps for GSE efforts to promote affordable housing and create more sustainable homeownership
opportunities.
Lastly, please join us in welcoming Gulf Winds Credit Union, Oregon State Credit Union, and Priority First Federal Credit Union as new MBA members!
- Tamara King, Vice President of Residential Policy and Strategic Industry Engagement, MBA
- Anthony Siller, AMP, Senior Policy Specialist, Residential Policy & Strategic Industry Engagement, MBA
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Upcoming Committee and Network Meetings
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Note: The meetings listed immediately below are held in Eastern Time.
**Credit Union Network Meeting
May 13, 2:00-3:00 PM; Invitation Forthcoming
Secondary and Capital Markets Committee
Residential Insurance Compliance Group
Government Loan Production Subcommittee
State Legislative and Regulatory Committee
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Upcoming Education and Member Benefits
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We provide information, skills, and tools to help you advance your career.
FREE-FOR-YOU WEBINARS
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Upcoming MBA Conferences and Meetings
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For Credit Unions From MBA Research
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Two Events from MBA Research & Economics:
MBA’s popular Single-Family Research & Economics Showcase delivers the data you need directly from the source you trust. Taking place June 24, this online event highlights the most current results and insights from our residential surveys, forecasts, and reports. Dive into the data with MBA’s Research team and take advantage of the chance to earn valuable CPE credits.
Also this summer, our one-day, in-person CRA Residential Lending Workshop is your opportunity to discuss business strategies for complying with and embracing the Community Reinvestment Act (CRA), Fair Lending Laws, and the Home Mortgage Disclosure Act (HMDA) as they relate to residential mortgage lending. This timely workshop takes place July 22 in Washington, D.C.
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You are receiving this email because you are part of our Credit Union Network, which provides a valuable forum for community-based lenders to share information on emerging industry trends and challenges in meeting the needs of American homebuyers. This network is critically important to ensuring that issues of concern to key segments of the industry are reflected in MBA's advocacy and education efforts. For more information, contact Anthony Siller.
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