Top Six Issues by the Mortgage Bankers Association

  • ATR/QM Improvements

    The Consumer Financial Protection Bureau’s (CFPB’s) Ability to Repay (ATR) rule and its Qualified Mortgage (QM) standards must be improved to ensure more qualified borrowers can access safe and sustainable credit.Overview: The ATR rule requires lenders to determine that a borrower has a reasonable

  • CFPB Enforcement Concerns

    Four years after becoming the primary consumer mortgage regulator, the Consumer Financial Protection Bureau’s (CFPB’s) use of consent decrees and administrative decisions to make changes in the rules, rather than using rulemaking or published guidance, has created uncertainty in the market and poten

  • HOA Super Lien Priority

    Strict adherence to lien priorities—the concept of “first in time, first in right”—is critical to the functioning of the U.S. housing market, especially one dependent on an active, liquid secondary mortgage market. As a core principle, private liens recorded after origination of a first lien mor

  • SAFE Act Revisions: Transitional Authority

    The federal Secure and Fair Enforcement for Mortgage Licensing (SAFE) Act of 2008 created two parallel but asymmetrical regimes for mortgage loan originators (MLOs) that have resulted in uneven consumer protections and an unlevel playing field for MLOs. MBA supports the creation of a transitional au

  • The New Home Mortgage Disclosure Act Rule

    On October 15, 2015 the Consumer Financial Protection Bureau (CFPB) issued a new final Home Mortgage Disclosure Act (HMDA) rule that includes significant changes to the reporting requirements for lenders under HMDA, as well as changes in coverage of institutions, transactions and reporting. Overvie

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