|
Community Bank Network
Tuesday, June 11 | 12:00 PM-1:00 PM (ET) | Register
We will discuss recent MBA advocacy updates and topics that are impacting the Community Bank industry. Let us know if you have a specific topic that you would like MBA or a guest speaker to cover.
|
|
|
|
|
May Opportunities for MBA's Community Bank Network
|
|
|
|
In advocacy and policy news, Fannie Mae and Freddie Mac
have confirmed that their policies will continue to exclude seller or listing agent payments of buyer agents’ commission from interested party contributions (IPCs). This follows a joint letter from MBA and NAR to the GSEs, FHFA, and FHA seeking confirmation that these payments do not need to be counted towards IPC limits. MBA is also working with the VA and Rural Housing Service to address issues related to IPCs and the rule prohibiting VA borrowers from paying any portion of brokerage commission. Furthermore, MBA is assessing potential changes to agency guides and CFPB rules to ensure that new agent compensation arrangements do not increase the cost of mortgages or pose undue risk to lenders, investors, or guarantors. Many thanks to those who provide input for comment on this issue. MBA will keep you updated of any new developments.
The CFPB recently submitted comments
on the proposed Illinois Community Reinvestment Act (ILCRA) regulation holding lenders accountable for appraiser bias, aligning with the Equal Credit Opportunity Act. MBA strongly opposes this position, citing existing laws that ensure appraiser independence. MBA argues the CFPB’s related legal stance isn’t settled law, as evidenced by a Maryland case settlement without violation admission. MBA and the Illinois MBA responded by noting these points and other concerns in communications to members of JCAR. MBA will continue to inform you on this issue.
Spring is here and we don’t want you to miss out on our upcoming conferences:
- Legal Issues and Regulatory Compliance Conference, May 5-8, San Diego: Attend to obtain the most comprehensive and up-to-date information on policy issues impacting your business models and touch base on policy development, market volatility, ESG, liquidity challenges, and credit scoring changes.
- Secondary & Capital Markets Conference & Expo, May 19-22, New York City: Hear from industry experts on how to handle crucial updates on fair lending compliance and how it relates to homeownership, being successful and compliant in a purchase market, RESPA, and navigating a heightened enforcement environment. Stay well-informed of hot topics to ensure compliance in an everchanging market.
Don't miss out on these opportunities to network and learn from peers in the industry.
-Tamara King, Vice President of Residential Policy and Strategic Industry Engagement, MBA
-Monique Ellis, Associate Director of Residential Policy and Strategic Industry Engagement, MBA
|
|
Upcoming Committee Meetings
|
|
|
|
Note: The meetings listed immediately below are held in Eastern Time.
**Community Bank Network
State Relations Committee Call (Coffee Talk Reunion)
State Legislative and Regulatory Committee
Secondary and Capital Markets Committee (in-person at Secondary24)
May 19, 3:00 PM-4:00 PM
|
|
|
|
Upcoming Education and Member Benefits
|
We provide information, skills, and tools to help you advance your career.
FREE-FOR-YOU WEBINARS
|
|
|
|
|
|
Upcoming MBA Conferences and Meetings
|
|
|
|
|
|
For Community Banks from MBA Research
|
|
|
|
MBA recently released its Annual Mortgage Bankers Performance Report, which contains meaningful performance measures and benchmarks on IMB originations and servicing. Each report contains aggregate data on more than 300 IMBs. This popular report offers the most up-to-date performance measures on the mortgage banking industry to assist in your benchmarking and research needs.
Purchase the latest report here.
Also, this June, get the data you need directly from the source you trust during MBA’s popular Single-Family Research & Economics Showcase. This two-day online event highlights the most current results and insights from our residential surveys, forecasts, and reports. Led by MBA's Chief Economist, Mike Fratantoni, Ph.D., the Showcase features the experts behind the data.
Register today.
|
|
|
|
|
You are receiving this email because you are part of our Community Bank 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 Monique Ellis.
|
|
|
|
|