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MBA is the voice of the real estate finance industry. We work to clarify issues, preserve policies and protect the interests of our members by staying in close communication with Congress, the Administration, state and local officials and regulatory bodies, as well as the general public.
We speak with a single voice, representing both residential and commercial/multifamily interests. In short, when we take a position, we speak for a broad constituency and we put forth a consensus forged by the entire industry.
The 24-person government affairs staff, in conjunction with our governing committees, works hard on behalf of our members and the real estate finance industry.Each Monday, MBA's Government Affairs Department provides a detailed report on MBA advocacy activities in MBA NewsLink .
During the current market challenges, the mortgage industry has taken unprecedented steps to assist borrowers and help them stay in their homes. Both on their own and through coordinated efforts like the HOPE NOW Alliance, mortgage services have prevented nearly 2 million foreclosures since July 2007.
On Wednesday, July 30, the President signed major housing legislation, Public Law 110-289, the "Housing and Economic Recovery Act of 2008 (HERA)." The legislation includes several initiatives which MBA has long advocated, such as reform of government sponsored enterprise (GSE) regulation and modernization of the Federal Housing Administration (FHA). MBA has created a resource center for information about the new law and its imlpementation, which can be viewed by clicking here.
To view MBA's resource center related to the conservatorship of Fannie Mae and Freddie Mac click here. MBA National Policy Conference, April 29-30, 2008
MBA urges Association members to participate in the 2009 National Policy Conference on April 29-30. Join your industry colleagues in meeting with and speaking to Members of Congress about issues that directly affect the real estate finance industry. As we face unprecedented challenges, it is vital that all members engage with policymakers to ensure that our voice is heard. Only personal commitments will make the difference. There has never been a more important time.
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