MBA’s Bob Broeksmit, Provides Updates on GSE Reform, Bevy of Regulatory Issues

---

 

The association will also be keeping an eye on issues such as a new proposal related to the FHFA counterparty rule; the CFPB’s efforts to streamline loss mitigation rules under Reg X, a possible rescission of HUD’s Federal Flood Risk Management Standard and banking agency proposals dealing with risk-based capital and Community Reinvestment Act.

Credit scoring has also been an oft-discussed topic in the industry, particularly after FHFA Director Bill Pulte’s announcement a few months ago regarding Fannie Mae and Freddie Mac being able to use VantageScore 4.0.

“Creating competition in the credit scoring space has long been an MBA priority,” Broeksmit said. “Since the announcement, MBA has been in the trenches with FHFA staff and the leadership at Fannie and Freddie, to address the key implementation issues needed to move this forward.”