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Independent Community Bankers of America

Trade groups urge White House to lower FHA premiums, ease loan fees

Affordability, credit report, FHA loan, Government Lending, HWmember, Independent Community Bankers of America, Mortgage, Mortgage Bankers Association, Mortgage insurance, Regulatory, Trump administration, White House /

Multiple mortgage lending trade groups are urging the White House to take administrative steps to lower the costs of home loans, arguing that federal regulations have driven up borrowing expenses as affordability worsens. In a letter sent Wednesday to White House National Economic Council Director Kevin Hassett, the Mortgage Bankers Association, America’s Credit Unions and […]

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Trade groups push plan to let GSEs buy MBS to ease mortgage rates

Community Home Lenders of America, Fannie Mae, Freddie Mac, GSEs, Independent Community Bankers of America, LendingLife, MBS, Mortgage, Regulatory /

Trade groups representing community banks and home lenders are urging the Trump administration to allow Fannie Mae and Freddie Mac to purchase mortgage-backed securities (MBS) to help bring down mortgage rates.  The idea relies on amending the Preferred Stock Purchase Agreements (PSPA) to enable the GSEs to purchase up to $300 billion of their own

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