Lending and Leasing

FSR Advocates on behalf of members that provide consumer and small business loans and leases, mortgage lending and servicing, as well as members that invest in these assets.

Housing Policy Council Makes Strong Push for Housing Reform

September 11, 2013

The Financial Services Roundtable’s Housing Policy Council (HPC) President John Dalton urged Congress to continue working toward bipartisan legislation that would reform the housing finance system and create a future secondary mortgage market. Dalton made his remarks in a speech to the American Mortgage Conference in Raleigh, North Carolina.

Pawlenty: Regulators Risk Limiting Credit for Consumers

August 14, 2013

U.S. financial regulators risk limiting the credit available to consumers if they continue to press banks to hold ever-higher levels of capital, Financial Services Roundtable head Tim Pawlenty said in an video interview with The Wall Street Journal.

Fear of Boomerang Mortgages Still Hinders the Market

August 8, 2013

Late last year, the Federal Housing Finance Agency announced a new framework for representations and warranties – the underlying facts that ensure a loan will perform well – on loans sold to the government-sponsored enterprises, Fannie Mae and Freddie Mac. The framework is an attempt to define, at a strategic level, some key boundaries guiding the GSEs in their purchase of quality loans.

Obama praises bipartisan housing finance effort

August 6, 2013

John Dalton, president of the Housing Policy Council at the Financial Services Roundtable, wrote in American Banker that the Corker-Warner proposal may be “the key” to unlocking legislative action on this issue.

Mortgage Rules Under the Equal Credit Opportunity Act Letter, 07-22-13

July 22, 2013

The Financial Services Roundtable’s Housing Policy Council1 (“HPC”) is pleased to comment on the proposed rule of the Consumer Financial Protection Bureau (“Bureau”) for amendments to the Equal Credit Opportunity Act (Regulation B), Real Estate Settlement Procedures Act (Regulation X), and the Truth in Lending Act (Regulation Z).

Cordray Confirmed as CFPB Director

July 17, 2013

In a recent interview with Bank Systems & Technology, Financial Services Roundtable CEO Tim Pawlenty said that while his organization has a good working relationship with Cordray, they would like to see reforms in terms of oversight and funding. “We think there should be a board of 3-5 members overseeing the CFPB and their funding,” Pawlenty added. “And currently, none of that exists.”

Corker-Warner: A Great Starting Point in GSE Reform Debate

July 11, 2013

It has been five years since Fannie Mae and Freddie Mac, the government-sponsored enterprises, were taken over by the federal government. Since then, we have witnessed an academic debate over GSE reform that has swung between proposals for the elimination of any role for the government in the mortgage market (other than through the direct guarantee provided by the Federal Housing Administration, the U.S. Department of Veterans Affairs and the U.S. Department of Agriculture rural housing programs) and proposals for some form of continuing federal support for liquidity in the mortgage market. It is time for Congress to act. Our housing finance system is broken and in need of repair.