CREF Highlights: Congress Returns
The Senate and House returned to work Tuesday after their traditional August recess facing a packed legislative agenda of “must-pass” items.
The early focus in both chambers will include debate on a resolution to disapprove the recent nuclear agreement with Iran, followed by work on a continuing resolution to keep the federal government funded when the new fiscal year begins on October 1.A long-term federal highway reauthorization bill (which could be partially paid for by unrelated Fannie Mae and Freddie Mac guarantee fees) and an extension of expiring tax extenders are also on the docket for completion sometime later this year.For more information, please contact Len Wolfson at lwolfson@mba.org. Commercial/Multifamily Delinquencies Continue Downward Trend in Second Quarter
Delinquency rates for commercial and multifamily mortgage loans continued to decline in the second quarter of 2015, according to the Mortgage Bankers Association’s Commercial/Multifamily Delinquency Report. For more detail and to see delinquency rates for different investor-groups, please click here.For more information, please contact Jamie Woodwell at jwoodwell@mba.org.MBA’s Fall 2015 FHA Lenders Roundtable
On October 28, MBA will host the Fall FHA Lenders Roundtable, an invitation-only event for senior leaders of FHA multifamily and healthcare finance lender companies where HUD Deputy Assistant Secretaries will share information on FHA multifamily and healthcare finance programs.The day before the Roundtable, on October 27, MBA is planning Capitol Hill advocacy day for members attending the Roundtable.For more information, please contact Eileen Grey at egrey@mba.org.MBA Report on Household Formation and Chart of the Week – Projected Changes in Households by Age
Household formation has been depressed in recent years by a long, jobless recovery. A new report from MBA, titled Housing Demand, provides a projection of much stronger housing demand over the next decade. By 2024, demographic, social and economic changes will bring what could be one of the largest expansions in the history of the U.S. housing market – 15.9 million additional households.
To see the chart, please click here. For more information, please contact Jamie Woodwell at jwoodwell@mba.org.
FHA Multifamily Priorities and Plans for Lender Meetings
On September 3, MBA’s Eileen Grey met with FHA Multifamily leaders to discuss MBA priority issues, particularly in preparation for MBA lender meetings with FHA in September and October.In one major update, FHA expects that its MAP Guide, which governs FHA multifamily production, will be published in final by calendar year-end 2015. FHA commended MBA efforts on providing detailed analyses and recommendations particularly on the capital needs assessment and the Low Income Housing Tax Credit policies that will be incorporated in the MAP Guide.Later in September, MBA will bring an industry LIHTC group to HUD for detailed discussions on expanding HUD’s LIHTC program. Also in September, MBA members in the leadership of the MBA FHA servicers group will meet with FHA to discuss concerns and future developments in HUD policy on delegating servicing tasks.
CREF16 Opening General Session Speaker Announced
MBA just announced the opening general session speaker at CREF/Multifamily Housing Convention and Expo 2016 taking place in Orlando, FL on January 31 – February 3. Please click here for the announcement.
