13 TMC member institutions met with federal agencies in Washington, DC in June 2024 to discuss policy changes' impact on small to mid-size lenders.
The Mortgage Collaborative (TMC) held its second Advocacy Committee trip to Washington, DC from June 4-6, 2024, where 13 TMC member institutions, including independent mortgage banks and depository lenders, met with key federal agencies to discuss the impact of recent and upcoming policy changes on small to mid-size lenders. Topics covered included concerns about "junk fees," loan officer compensation, rising credit verification costs, Federal Housing Administration (FHA) life of loan mortgage insurance premiums, repurchases, homeowner/flood insurance costs, and the rollout of the new credit model.
June 28, 2024
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