CMF Quote of the Week

“HUD’s decision to refine FHA underwriting criteria to more appropriate levels should result in an increase in production of much-needed rental housing by tens of thousands of units over the next three years at little to no additional risk to the FHA fund or taxpayers.”
–MBA President and CEO Bob Broeksmit, CMB, discussing HUD’s announcement of changes to the minimum debt service coverage ratio and maximum loan-to-cost percentage levels for FHA multifamily loans