Thanks to grassroots advocacy from bankers, ABA-advocated legislation has continued to rack up co-sponsors over the past several weeks. H.R. 2673, which would designate all mortgage loans held in portfolio as Qualified Mortgages, now has 54 bipartisan co-sponsors. H.R. 4521, which would expand the CFPB’s mortgage rule relief for small servicers and creditors, now has 36 co-sponsors.
Meanwhile, the CLEAR Act reg relief package (H.R. 1750 and S. 1349) has 39 co-sponsors in the Senate and 176 co-sponsors in the House, and the examination fairness bills (S. 727 and H.R. 1553) have 25 Senate sponsors and 156 House co-sponsors.
ABA continues to encourage bankers to write to their lawmakers asking them to support and co-sponsor these bills — and to thank them if they already have — using the following links: