MBA Applauds House Passage of H.R. 3978, the TRID Improvement Act

MBA Applauds House Passage of H.R. 3978, the TRID Improvement Act

WASHINGTON, D.C. (February, 2018) – (RealEstateRama) — David H. Stevens, CMB, President and CEO of the Mortgage Bankers Association (MBA), released the following statement praising the House passage of H.R. 3978, the TRID Improvement Act, and, in particular, the inclusion of the language from two individual bills – H.R. 2948 and the previously free-standing H.R. 3978:

“I want to commend the House of Representatives for passing this package which includes H.R. 2948, which will maintain the important consumer protections established under the federal SAFE Act, while offering enhanced workforce mobility for mortgage loan officers. MBA is grateful for the leadership of the bill’s author, Representative Steve Stivers, as well as its bipartisan original cosponsors: Representatives Beatty, Poliquin, and Sinema.

“I also want to praise Representatives French Hill and Ruben Kihuen for Title I of the bill (the prior H.R. 3978) which will require the Consumer Financial Protection Bureau to allow the accurate disclosure of title insurance premiums and any potential available discounts to homebuyers.

“MBA now urges the Senate to take up these provisions as part of its bipartisan regulatory relief efforts. We look forward to continuing to working with policymakers on this and other issues impacting real estate finance.”

Rob Van Raaphorst

(202) 557- 2799


The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry, an industry that employs more than 280,000 people in virtually every community in the country. Headquartered in Washington, D.C., the association works to ensure the continued strength of the nation’s residential and commercial real estate markets; to expand homeownership and extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and fosters professional excellence among real estate finance employees through a wide range of educational programs and a variety of publications. Its membership of over 2,400 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, Wall Street conduits, life insurance companies and others in the mortgage lending field.


Mortgage Bankers Association
1331 L Street, NW
Washington, DC 20005

Phone: (202) 557-2700

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