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ABA: The American Bankers Association

Joseph Pigg

SVP, Sustainable Banking and Mortgage Finance

Joe Pigg
  • Staff Analysis
    FHFA GSE Affordable Housing Goals

    September 21, 2021

    On August 25th, the Federal Housing Finance Agency (FHFA) published a proposal and request for comments on the housing goals for Fannie Mae and Freddie Mac (the Enterprises) for 2022 through 2024. The Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (the Safety and Soundness Act) requires FHFA to establish annual housing goals for mortgages purchased by the Enterprises.

  • Comment Letter
    Letter to FHFA on Climate and Natural Disaster Risk Request for Input

    April 19, 2021

    Like many organizations and industries, the American Bankers Association has increased our focus on climate related risks. ABA recently joined the U.S. Climate Finance Working Group, a coalition of financial trade associations, in developing a set of principles to guide discussions and engagement on how the financial system and our regulators should address climate change issues.

  • Comment Letter
    Letter to FHFA on Enterprise Housing Goals

    February 26, 2021

    We note at the outset that the ANPR poses questions that suggest a potential reduction in the housing goals credit awarded to the GSEs – and perhaps the eligibility for purchase of some categories of loans altogether, based upon a number of rationales. ABA continues to believe that the overall footprint of the market served by the GSEs should be reduced in an orderly, well considered fashion to avoid market disruptions.

  • Backgrounder
    Environmental, Social and Governance (ESG) Issue Update

    February 22, 2021

    Environmental, Social and Governance (ESG – also often referred to as “sustainability”) issues are an increasing area of focus for banks of all sizes, driven by attention from regulators, investors, customers and employees.

  • Backgrounder
    Flood Insurance Issue Update

    February 22, 2021

    The National Flood Insurance Program (NFIP) has been reauthorized through September 30, 2021. As of February 2021, the prospects for long term NFIP reauthorization are unclear. The House Financial Services Committee, led by Rep. Maxine Waters, unanimously passed a reform and five year reauthorization in mid 2019, but the Senate did not take up the reform legislation.

  • Podcast
    Never Underestimate the Value of Flexibility

    February 18, 2021

    Brad Spears from Federal Home Loan Bank of Des Moines discusses liability strategy at the 2021 Conference for Community Bankers.

  • Podcast
    A Conversation with the FHLBanks' MPF Program

    February 18, 2021

    John Stocchetti discusses the MPF Program at the 2021 Conference for Community Bankers.

  • Comment Letter
    Letter to FHFA on Prior Approval of New GSE Products, Activities

    January 07, 2021

    ABA welcomes the FHFA’s effort to bring greater transparency and objectivity to the approval process for new products offered by the GSEs. Ensuring that the GSEs’ activities remain focused on the secondary market and do not stray into competition with primary market participants is a key responsibility of the FHFA.

  • Comment Letter
    Comments to Treasury on CDFI Certification

    November 05, 2020

    ABA supports the Treasury/CDFI’s efforts to revise and update the CDFI certification to ensure that it is meaningful and that participants adhere to the mission and goals of the CDFI program. We urge the Treasury to evaluate bank and credit union applicants for CDFI certification on the same terms, and not rely upon National Credit Union Administration designations.

  • Comment Letter
    ABA Comment to FHFA on the re-proposed capital rules for Fannie Mae and Freddie Mac

    August 31, 2020

    ABA provides a critique of the FHFA’s re-proposed capital rules for Fannie Mae and Freddie Mac through a lens of how the proposal would impact loan originator’s ability to sell loans to the GSEs in a reformed, post conservatorship environment.

  • Press Statement
    ABA Statement on FHFA Decision to Delay Refinance Fee

    August 25, 2020

    Today's FHFA decision to delay implementation of the new Adverse Market Refinance Fee from Fannie Mae and Freddie Mac and to limit the scope of homeowners impacted is an important step in the right direction that will help lower-income borrowers in particular.

  • Staff Analysis
    FHFA’s Re-proposal of Enterprise Capital Risk Proposal

    June 30, 2020

    On June 30, 2020, the Federal Housing Finance Agency (FHFA) published in the Federal Register a proposed rulemaking (NPRM) soliciting public comments on a re-proposal of rules establishing a new regulatory capital structure for the government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac.

  • Comment Letter
    ABA Letter to FHFA on FHLB Membership

    June 23, 2020

    ABA reiterates positions taken in a 2015 comment letter that membership eligibility for the FHLBs is set by Congress and that FHFA’s proper role is to ensure the safe, sound and mission compliant use of the System by eligible members.

  • Comment Letter
    ABA Letter to FHFA on the Property Assessed Clean Energy (PACE) Program

    March 16, 2020

    ABA letter to FHFA on the RFI re: Property Assessed Clean Energy (PACE) Program

  • Comment Letter
    Letter to OCC on the Proposal on New Round of EGRPRA-Recommended Rule Changes

    March 09, 2020

    ABA Comment to OCC on the proposal on new round of EGRPRA-recommended rule changes.

  • Staff Analysis
    Disparate Impact Proposed Rule

    September 30, 2019

    ABA's summary and guidance on HUD's proposed update to its disparate impact rule.

  • Comment Letter
    Comments to FHFA re: Affordable Housing Program Amendments

    June 08, 2018

    FHFA’s five-year regulatory review plan of 2013 calls for the modernization of certain aspects of the AHP.

  • Comment Letter
    Comments to FHFA on Duty to Serve

    March 17, 2016

    The American Bankers Association appreciates the opportunity to comment on the proposed rule regarding the Duty to Serve Underserved Markets, which is proposed for Fannie Mae and Freddie Mac, referred to hereafter as “the Enterprises.” The American Bankers Association recognizes the statutory and public policy requirements that the Enterprises attain certain affordable housing goals, and further, that they focus their efforts in certain markets as specified by law.

  • Comment Letter
    Proposed Changes to the FHA's Loan-Level Certification Form, HUD 92900-A

    October 01, 2015

    The ABA appreciates this opportunity to comment on the latest proposed changes to the Federal Housing Administration's loan-level certification form, HUD 92900-A.

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