Representing Mortgage Brokers, Mortgage Lenders, Non-Profit Organizations & Political Action Committees. Licensed in Ohio, Colorado & the District of Columbia.
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Treasury Secretary Steven Mnuchin suggested in an interview with The Wall Street Journal that he is unlikely to support a legal move — called a consent order — to end the government conservatorships of the mortgage-finance companies before President Trump leaves office.
Today the @CFPB issued two final rules to amend the ATR/QM Rule. Both final rules are available here: https://t.co/wS123zfS9z and here: https://t.co/q4wuWsbaVx
@CFPB Director Kathleen Kraninger and @COAttnyGeneral Phil Weiser will host joint, virtual office hours on December 2nd, to allow individuals to discuss issues related to innovation. You can request a session through this link:
https://t.co/lnjuC7s4pz.
Democratic Phase Four stimulus bill would require the Federal Reserve Board to create a liquidity facility to help mortgage services provide the forbearance for borrowers utilizing Cares Act mortgage deferment.
The @CFPB has issued a notice of proposed rulemaking to amend the ATR/QM Rule & create a new category of qualified mortgages for first-lien, fixed-rate covered transactions that have met certain performance requirements over 36 months. Read the NPRM here: https://t.co/EFA78E4DsY
Biden’s 2020 Agenda is now after brokers. Biden’s new “Bill of Rights will prevent mortgage brokers from leading borrowers into loans that cost more than their credit history demands.” Must be 2005 talking points.
Every #RealEstate and #MortgagePro should reach out their representatives to pressure the @FHFA to do the right thing and support consumers and industry alike...not picking winners and losers.
Thank you @MBAMortgage for your support of responsible mortgage professionals.