MBA Sends Letter to Federal Financial Regulators on Risk Retention
By MBA -

November 10, 2010 – (RealEstateRama) — On Tuesday, November 9, 2010, The Mortgage Bankers Association (MBA) sent the attached letter to federal financial regulators outlining MBA’s perspectives for the federal agencies to consider when establishing the “Qualified Residential Mortgage” (QRM) exemption from risk retention requirements required under Section 941 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (DFA).


More info...

SHARE
Avatar
MBA
http://www.mortgagebankers.org/

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.

Contact:

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

Phone: (202) 557-2700

RELATED ARTICLESMORE FROM AUTHOR

Previous articleMortgage Applications Increase in Latest MBA Weekly Survey
Next articleFannie Mae Mortgage Help Center Opens in Los Angeles Region