CMF Quote of the Week

“MBA has long advocated for Congress to update FHA multifamily loan limits to levels that are consistent with housing and economic conditions.”
–MBA President and CEO Bob Broeksmit, CMB

MBA’s Affordable Homeownership Advisory Council: Leveraging Rental Payment History to Approve More First-Time Homebuyers

The Mortgage Bankers Association and its Affordable Homeownership Advisory Council just released a white paper, Leveraging Rental Payment History to Approve More First-Time Homebuyers, outlining how lenders and the government-sponsored enterprises can more effectively use rent payment data to responsibly qualify first-time homebuyers.