MBA-Supported “Trigger Leads” Bill Introduced; Act Today on MBA’s MAA Call to Action
Rep. John Rose (R-TN) introduced H.R. 4198, the Protecting Consumers from Abusive Mortgage Leads Act, which would eliminate abusive trigger leads while preserving their use in appropriately limited circumstances – such as communicating with existing customers. Your advocacy matters! Participate in MBA’s Mortgage Action Alliance (MAA) Call to Action today, and urge your U.S. Representative to co-sponsor H.R. 4198. More importantly, please send this to your association’s members and encourage them to respond.
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Federal Issues/Developments Highlights
MBA’s Eye on Washington Report is a weekly summary from the nation’s capital on the top issues in policy and advocacy affecting the real estate finance industry. To watch this week’s video as well the videos from previous weeks, click HERE.
· MBA-Supported “Trigger Leads” Bill Introduced; Act Today on MBA’s MAA Call to Action
· Ginnie Mae Expands Use of Electronic Signatures and Remote Online Notarization
· HUD OIG Releases Report on COVID-19 Loss Mitigation
· CFPB Director Chopra Publishes Blog Post on Mortgage Servicing Rules
· MBA Offers Recommendations to FHA on HECM Borrower Payments If Lender Defaults
· CFPB Director Testifies Before Congress
· House Ways and Means Committee Marks Up Tax Legislation
· Secretary Yellen Testifies Before House Financial Services Committee
· Federal Reserve Maintains Federal Funds Rate
· House Lawmakers Reintroduce the Neighborhood Homes Investment Act
· Agencies Propose Guidance on Reconsideration of Value Process
· MBA Responds to HUD Floodplain Proposal
Read the full stories highlighted here.