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MBA’s Stevens: Final risk retention rule works for mortgage bankers

http://nyti.ms/1CCPvDG ** A message from the Mortgage Bankers Association – The housing market is healing, but policymakers must bring a sense of clarity to laws and regulations. This includes fixes.

"The re-proposed rule is a reflection of how well the notice and comment process can work," said David Stevens, president and CEO of the Mortgage Bankers Association (MBA). "Regulators proposed a rule and received a unanimous reaction from diverse groups within housing and real estate finance that the proposal would have unduly.

The MBA’s National Conference is next month in DC – hope to see you there. I received this note from ex-president Dave Stevens. mitigate risk, and avoid costs. Save your seat! Register for the NE.

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Mortgage Bankers Association (MBA)’s (collectively "the Associations") strong support for the extension of the transition provisions of the Basel III capital requirements related to mortgage servicing assets (MSAs) for banks that are not subject to Basel’s advanced

Deutsche Sees 48% of All US Mortgages Underwater in 2011 Here’s the breakdown: As you can see, a very small portion. be quite weak throughout 2011. The survey also revealed how borrowers views on foreclosure and mortgage modification have evolved. When.

FDIC chair: Foreclosures raise ‘double dip’ risk. Mortgage Bankers Association President and CEO John Courson expressed "deep concern" over such an approach, calling risk retention and.

"We’ll continue to work with regulators as they consider new basel committee proposals that could impact capital charges for commercial mortgage-backed securities trading book and the overall bank holdings of commercial real estate mortgages," Stevens said. "The final CMBS Risk Retention rule was highly responsive to most of MBA’s concerns and.

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Stevens, President and CEO of the Mortgage Bankers Association (MBA. for risk retention to work, to create a functioning mortgage system that protects and serves borrowers, regulators must get the.

Robert E. Story Jr., CMB, chairman of the Mortgage Bankers Association (MBA) has issued the following comment reacting to passage of S. 3217, the Restoring American Financial Stability Act of 2010: "MBA has long supported a more efficient regulatory regime for the financial services industry, and passage of the bill is another important milestone.

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I. Risk Retention and Qualified Residential Mortgages The ability to repay rule and the credit risk retention rule are the two most significant mortgage-related rules to come out of Dodd-Frank. Both of these rules have been proposed and comments are due on July 22 and August 1 respectively. Because they