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MBA Statement on Senate Regulatory Relief Legislation

WASHINGTON, D.C. (November 17, 2017) – (RealEstateRama) — David H. Stevens, President and CEO of the Mortgage Bankers Association, released the following statement applauding Chairman Mike Crapo (R-Idaho) and a bipartisan group of cosponsors on the introduction of their regulatory relief package:

“I want to commend Chairman Mike Crapo (R-Idaho) for reaching a bipartisan compromise on regulatory relief legislation designed to lessen some burdens on lenders, allowing them to better serve their customers and consumers. In particular, MBA is glad to see the inclusion of language amending the SAFE Act to provide increased job mobility for loan originators, as well as language to address concerns with PACE lending, HMDA, and the TILA/RESPA integrated disclosure. We look forward to continuing to work with the committee on other provisions in the bill, such as expanding the language regarding Qualified Mortgages held in portfolio.”

Rob Van Raaphorst

(202) 557- 2799