MORTGAGE BANKERS ASSOCIATION

Advocacy for members and the industrymba continues to be the leading advocate for the entire real estate finance industry both in washington, d.c. And in state capitals. In fiscal year 2024, the association provided thought leadership on a variety of public policy issues, including pathways to creating affordable rental and homeownership opportunities, reforming the secondary mortgage market, rationalizing risk-based capital standards, improving the homebuying experience for borrowers, tax policies impacting real estate finance, and other legislative, regulatory, and supervisory issues.our federal legislative accomplishments included providing testimony and statements for the record before key congressional committees and support for the enactment of several industry priorities (both residential and commercial/multifamily), including those related to affordable housing and affordable rental housing, va home loan program reforms, funding for critical hud information technology infrastructure, extending the national flood insurance program, and mortgage credit "trigger leads" legislation. Through regular meetings with federal legislators and congressional staff our legislative affairs team provided education and advocacy on a wide variety of other real estate finance issues affecting single family, multifamily and commercial (e.g., tax policy, regulatory clarity, government housing programs, minimum federal remote online notarization standards, data privacy, false claims act, etc.). Mba's mortgage action alliance registered over 70,000 participants to conduct constituent engagement.regarding regulatory achievements in the residential real estate finance sector, mba submitted comment letters and provided guidance and substantive recommendations throughout the year to regulatory agencies, including hud, va, usda, treasury, cfpb, fhfa, sec, occ, fdic, and the federal reserve. These recommendations covered a wide-ranging set of mortgage finance issues, including origination and servicing guidelines, secondary market structure, tax and accounting requirements, capital and liquidity requirements, consumer protection regulations, and data security/privacy, and the use of artificial intelligence in lending and servicing. The association also filed amicus briefs in numerous cases supporting the industry in disputes over important legal issues.mba's regulatory work in fiscal year 2024 supported our members' commercial and multifamily real estate finance interests by supporting the objective of facilitating liquidity and capital availability for the industry. Mba provided data, information, and recommendations on issues affecting the commercial real estate finance industry to the administration and regulatory agencies, including the cfpb, fdic, the federal reserve, fhfa, hud, the white house and treasury. Issues included: affordable rental housing, low-income housing tax credits, continued capital, flood insurance regulations, life company risk-based capital standards, gse capital and regulatory policy, and fha issues impacting multifamily and residential healthcare finance. At the state level, we worked with numerous state mortgage banking associations and other partners on a wide variety of housing, licensing, and real estate finance issues by providing data and policy analysis to support their efforts. In the commercial and multifamily finance space, we worked with our state and local chapters to combat rent control efforts and instead advocate for common sense solutions to help renters, owners, and lenders. Additional efforts focused on state laws and regulations related to the taxation of mezzanine debt, rental housing subsidies and office conversion tax credits, data privacy/security, and mortgage servicer capital and liquidity requirements.as the voice of the real estate industry in washington, d.c. And throughout the nation, mba provides numerous business segment forums for industry professionals to meet and discuss issues unique to their sector of the real estate finance market. Mba is also proud to host and support diversity and inclusion initiatives, young professionals' groups, and affordable homeownership coalitions.